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25430 N 63rd Drive Phoenix, AZ 85083

3 Beds 2 Baths 2,543 sqft Built 1998

$430,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $169.09
  • 3 Days on Market
  • MLS # : 6157373
  • Updated Date : 11/06/2020 at 18:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,543 sqft
  • Baths : 2 full
Listing Agent

Lake Pleasant Real Estate

Listing Agent's Description

Welcome to Entrada! This homes location is second to none! with views of Ludden mountain and close proximity to both interstate 17 and loop 101 plus restaurants and shops. This 4 bedroom single story ranch boasts a huge lot over 10,000 sq ft, three car garage and has a brand new roof! the intelligent floorpan gives you ample room for everyday living and formal options. The home has brand new high end carpet and neutral tile through the high traffic areas. Outside in the back yard the mature trees provide all the shade you'll need to enjoy the outdoor Arizona lifestyle!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Entrada Northeast

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k432k

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

Neighborhood: Entrada Northeast

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342083

* 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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,587
Property Tax -$257
Property Insurance -$77
HOA -$10
Property Management Fees -$99
CASH FLOW
-$150

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.

$430,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$17,023

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,8953$1,9994$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 25430 N 63rd Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,543 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,543 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.74
    •  
  • 6326 W Buckskin Trail Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 7137 W Cottontail Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2000
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.80
    •  
  • 25826 N 68th Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 6427 W Cavedale Drive Phoenix, AZ 5
    • 5 beds 4 baths ∙ 2,547 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,547 Sqft ∙ Built 2004
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Michelle Spalding
Lake Pleasant Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157373
Last Updated: 11/06/2020
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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