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26411 N 41st Street Phoenix, AZ 85050

3 Beds 2 Baths 1,854 sqft Built 1998

$454,950

List Price

$1,960

$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 # : 6157608
  • Updated Date : 11/06/2020 at 23:59
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 HOME W/ SPARKLING POOL. IDEAL EASTERN EXPOSURE, SPACIOUS 1854 SQFT, OPEN AND BRIGHT. CHOICE OF PARADISE VALLEY OR CAVE CREEK SCHOOL DISTRICTS WITH CLOSE PROXIMITY TO JUST ABOUT EVERYTHING YOU NEED...CAVE CREEK HWY, 51 & 101 LOOP, GOLF COURSES, SHOPPING, DINING, RECREATION. *** 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

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,679
Property Tax -$287
Property Insurance -$63
HOA -$10
Property Management Fees -$99
CASH FLOW
-$177

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

$1,960

PROJECTED RENT

0.43%

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

3.5

YEARS SAVED

$16,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.06

    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$1,9604$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 26411 N 41st Street 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
    •  
    • $1,960
    • $1.06
    •  
  • 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 #: 6157608
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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