Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3324 N 65th Avenue Phoenix, AZ 85033

4 Beds 3 Baths 1,398 sqft Built 1961

$265,000

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $189.56
  • 3 Days on Market
  • MLS # : 6157297
  • Updated Date : 11/06/2020 at 14:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,398 sqft
  • Baths : 2 full , 1 half
Listing Agent

Emg Real Estate

Listing Agent's Description

Fully remodeled home, granite countertops, ceiling fans and tike flooring throughout, nice tiled shower walls,Beautiful backyard with a sparkling pool. New solar panel system 8/20. This is a beauty. Don't miss out.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Sunset Elementary School Primary Regular 701 34 8
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Sunset Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 34
8
GreatSchools Rating

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$978
Property Tax -$160
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$231

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.

$265,000

PROJECTED PRICE

$1,060

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,094

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,060
1$1,0602$1,2993$1,2994$1,3255$1,345
$1,345
RENT COMPS ANALYSIS
  • 3324 N 65th Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,398 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,398 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.76
    •  
  • 5826 W Campbell Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.77
    •  
  • 6205 W Clarendon Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.78
    •  
  • 6020 W Pinchot Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
  • 6241 W Wolf Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
PROPERTY LISTING DETAILS
Christian A Banaga
Emg Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157297
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.

BESbswy