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2542 N 12th Street Phoenix, AZ 85006

3 Beds 1 Baths 1,273 sqft Built 1940

$349,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $274.86
  • 3 Days on Market
  • MLS # : 6196171
  • Updated Date : 02/18/2021 at 23:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,273 sqft
  • Baths : 1 full
Listing Agent

Peak Investment Properties

Listing Agent's Description

Charming 3bedroom located in Historic district, home has travertine flooring, new carpet in bedrooms, updated bathroom & kitchen, has all appliances, ceiling fans in all rooms, cozy fireplace, inside laundry room, lots of potential to be a high end historic property.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k311k

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

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,215
Property Tax -$200
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$197

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.

$349,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.1%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,474

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,3953$1,5504$1,5755$1,795
$1,795
RENT COMPS ANALYSIS
  • 2542 N 12th Street Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,273 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,273 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.08
    •  
  • 917 E Granada Road #3 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.21
    •  
  • 1313 E Brill Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1926
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.19
    •  
  • 550 W Cambridge Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.12
    •  
  • 351 E Thomas Road #d101 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
PROPERTY LISTING DETAILS
Michael W Crawford
Peak Investment Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196171
Last Updated: 02/18/2021
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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