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26235 N 41st Way Phoenix, AZ 85050

3 Beds 2 Baths 1,854 sqft Built 1998

$454,950

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $245.39
  • 2 Days on Market
  • MLS # : 6157607
  • Updated Date : 11/06/2020 at 23:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,854 sqft
  • Baths : 2 full
Listing Agent

Grotjahn Capital Management

Listing Agent's Description

BEAUTIFUL TATUM HIGHLANDS! 3 BEDROOM, 2 BATH, 1,854SQFT LUSH BACKYARD W/ POOL HAS IDEAL EASTERN EXPOSURE FOR AFTERNOON SHADE. *** HOME WILL BE RENOVATED TO INCLUDE: NEW PLANK FLOORING IN ALL WALK AREAS, NEW UPDATED CARPET IN ALL BDRMS, 5 1/4 BASEBOARD & TWO TONE PAINITNG THROUGHOUT HOME ***

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k409k

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

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342195

* 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
Wildfire Elementary School Primary Regular 712 35 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Wildfire Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 35
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$409,455$500,445$454,950

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,679
Property Tax -$287
Property Insurance -$63
HOA -$10
Property Management Fees -$99
CASH FLOW
-$107

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.

$454,950

PROJECTED PRICE

$2,030

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$126,312

INVESTMENT

$126,312

Down Payment
$113,738
Rehab Estimate
$5,750
Closing Costs
$6,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,738
Loan Amount $341,213
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$22,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,035

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,0304$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 26235 N 41st Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.09
    •  
  • 4409 E Rowel Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1996
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
  • 4115 E Maya Way Cave Creek, AZ 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1997
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 4032 E Hide Trail Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1997
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.18
    •  
  • 4225 E Maya Way Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
PROPERTY LISTING DETAILS
Tony Grotjahn
Grotjahn Capital Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157607
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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