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3043 N 34th Street Phoenix, AZ 85018

3 Beds 2 Baths 1,994 sqft Built 1996

$650,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $325.98
  • 4 Days on Market
  • MLS # : 6195871
  • Updated Date : 02/20/2021 at 18:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,994 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome home to this 3 bedroom 2 bath home on .4 of an acre with oversized pool, pergola, RV gate, as well as parking, and oversized 2 car garage. Upgrades include New HVAC, Windows, Roof, a tankless water heater, water softener and reverse osmosis. No HOA! Upgraded Flooring (no carpet), vaulted ceilings, white kitchen with Stainless Steel Appliances, double pantry, and granite countertops is an entertainers dream. The large windows allow the natural light to stream into the great room and dining room area. The bathrooms have been upgraded recently as well. The laundry room has great storage space and leads out to the extremely deep 2 car garage with service door. The backyard is truly a private oasis with a large covered patio. Stepping stones invite you into the pool area

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,258
Property Tax -$412
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$485

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$650,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,642

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,345
1$2,3452$2,3463$2,3504$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 3043 N 34th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.18
    •  
  • 3432 E Lance Lane Phoenix, AZ 1
    • 3 beds 4 baths ∙ 1,801 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,801 Sqft ∙ Built 2006
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.30
    •  
  • 3454 E Avalon Drive Phoenix, AZ 2
    • 3 beds 4 baths ∙ 1,953 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,953 Sqft ∙ Built 2007
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,346
    • $1.20
    •  
  • 3345 E Pinchot Avenue #7 Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.30
    •  
  • 3116 N 32nd Way Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.50
    •  
PROPERTY LISTING DETAILS
Shivani A Dallas
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195871
Last Updated: 02/20/2021
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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