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25025 N 63rd Drive Phoenix, AZ 85083

3 Beds 2 Baths 2,152 sqft Built 1998

$399,990

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $185.87
  • 5 Days on Market
  • MLS # : 6166751
  • Updated Date : 12/02/2020 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,152 sqft
  • Baths : 2 full
Listing Agent

Homelife Ambassador Realty

Listing Agent's Description

Location, Location, Location. This must see home is situated at the base of a beautiful mountain that provides gorgeous views from the Backyard. Enter this large Single story home to a Large Great Room perfect for entertaining. The home features a large Kitchen with an Island eat-in Breakfast nook and is open to a formal Dining Room that features a sit at Bar top. The Master Bedroom is split and features wood flooring and an updated Bathroom with Dual Sinks along with separate Tub and Shower. Master Bathroom includes a walk-in Closet. The home also features to large additional Bedrooms and open Den perfect for working at home. The Backyard has beautiful view of the mountain and features an oversized Patio with a firepit and a Barbeque Island. This is a must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Entrada

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Entrada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701981

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,476
Property Tax -$239
Property Insurance -$69
HOA -$12
Property Management Fees -$99
CASH FLOW
-$185

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.

$399,990

PROJECTED PRICE

$1,710

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,8504$1,8955$1,999
$1,999
RENT COMPS ANALYSIS
  • 25025 N 63rd Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6740 W Saddlehorn Road Peoria, AZ 2
    • 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2000
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 5921 W Charlotte Drive Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2003
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 6757 W Avenida Del Rey -- Peoria, AZ 4
    • 4 beds 2 baths ∙ 2,087 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,087 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.91
    •  
  • 5934 W Questa Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2004
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jerry Cravens
Homelife Ambassador Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166751
Last Updated: 12/02/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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