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2425 S 65th Drive Phoenix, AZ 85043

4 Beds 3 Baths 2,059 sqft Built 2004

$290,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $140.85
  • 3 Days on Market
  • MLS # : 6199761
  • Updated Date : 02/28/2021 at 04:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,059 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Excellent 4bed/2.5bath home situated on a premium corner lot in the well maintained and sought after subdivision of Arizona Meadows. Flowing floor plan offers a formal living area with soaring ceilings, and a spacious open family room. Stylish kitchen boasts sleek black appliances, beautiful countetops, dark wood cabinetry and a center island with breakfast bar seating, making it ideal for gathering with friends and family. Master retreat includes en suite with dual sinks and walk in closet. The expansive backyard with covered patio and synthetic grass area is the perfect place to relax and enjoy Arizona outdoors. Do not miss out. See it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Meadows at Terralea

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Arizona Meadows at Terralea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8121567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Western Valley Elementary School Primary Regular 671 39 3
Western Valley Middle School Middle Regular 795 41 3
Sierra Linda High School High Regular 1,883 72 1

Western Valley Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 39
3
GreatSchools Rating

Western Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 41
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,007
Property Tax -$168
Property Insurance -$67
HOA -$42
Property Management Fees -$99
CASH FLOW
-$3

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$290,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,412

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,380

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,503

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3803$1,4754$1,4755$1,500
$1,500
RENT COMPS ANALYSIS
  • 2425 S 65th Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.67
    •  
  • 6410 W Magnolia Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.79
    •  
  • 6512 W Toronto Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.72
    •  
  • 6427 W Whyman Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2001
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.70
    •  
  • 6431 W Whyman Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2001
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
PROPERTY LISTING DETAILS
Joshua Levario
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199761
Last Updated: 02/28/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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