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25029 N 63rd Drive Phoenix, AZ 85083

5 Beds 3 Baths 3,796 sqft Built 1999

$624,999

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $164.65
  • 4 Days on Market
  • MLS # : 6180691
  • Updated Date : 01/15/2021 at 02:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,796 sqft
  • Baths : 3 full
Listing Agent

North & Co

Listing Agent's Description

RENOVATED STUNNER W/ RESORT YARD & INCREDIBLE MTN. VIEWS!! Total gem featuring a flowing floor plan w/ tons of natural light, inviting open kitchen w/ crisp white cabinetry/ quartz counters, stainless appliance/ sink ensemble & extended peninsula w/ bar seating, transitional plank flooring in all common areas, gorgeous light fixtures, plantation shutters & accent hardware thru-out, 1st floor den, guest bedroom/ bath, generous master suite w/ vaulted ceilings & huge bath w/ split vanities, separate shower/ soaking tub, massive bonus room & expansive dbl balcony w/ striking panoramic views overlooking the impressive private yard w/ built-in outdoor kitchen & cozy fire pit, sparkling free-form pool, covered patio, plenty of grass, colorful manicured landscaping & JUST TOO MUCH MORE TO LIST!!!

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
 

$562,499$687,499$624,999

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,171
Property Tax -$389
Property Insurance -$101
HOA -$12
Property Management Fees -$99
CASH FLOW
-$162

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.

$624,999

PROJECTED PRICE

$2,610

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,749
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$22,800

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
  • $2,572

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,4954$2,5005$2,750
$2,750
RENT COMPS ANALYSIS
  • 25029 N 63rd Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 3,796 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,796 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5123 W Headstall Trail Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 5719 W Cielo Grande Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.69
    •  
  • 25444 N 68th Lane Peoria, AZ 4
    • 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.67
    •  
  • 6342 W Hackamore Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,976 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,976 Sqft ∙ Built 1999
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.69
    •  
PROPERTY LISTING DETAILS
Vincent Calamia
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180691
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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