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3436 N 23rd Avenue Phoenix, AZ 85015

2 Beds 1 Baths 936 sqft Built 1953

$299,000

List Price

$940

$846 - $1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $319.44
  • 3 Days on Market
  • MLS # : 6199603
  • Updated Date : 02/26/2021 at 16:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 936 sqft
  • Baths : 1 full
Listing Agent

Sun Cactus & Pine Realty

Listing Agent's Description

Stop the car! Welcome to Siesta Terrace, a little pocket of homes built in the 1950s that is convenient to everything yet quiet and and tucked away all at the same time. Easily commute to midtown or downtown on Osborne or jump on I-17 to I-10 for a longer journey. The pride of ownership shines in this lovingly maintained property. The kitchen is a delight with granite tile counters, pull out shelves in the lower cabinets and stainless steel appliances. The refrigerator, washer and dryer all stay. Laminate wood flooring installed 4 years ago in the living room and owners bedroom. Newer roof and HVAC which has been tuned up and maintained every year. Enjoy a charming French door leading to a large backyard perfect for entertaining. Even the valves for the sprinklers have been upgraded!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Siesta Terrace

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Siesta Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8231567

* 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
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$846$1,034$940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $940
EXPENSES Loan Payment -$1,039
Property Tax -$164
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$407

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.

$299,000

PROJECTED PRICE

$940

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$93

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $940

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $936

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$749
1$7492$8503$9004$9405$995
$995
RENT COMPS ANALYSIS
  • 3436 N 23rd Avenue Phoenix, AZ 4
    • 2 beds 1 baths ∙ 936 Sqft ∙ Built 1953 2 beds 1 baths ∙ 936 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $940
    • $1.00
    •  
  • 2139 W Glenrosa Avenue #2 Phoenix, AZ 1
    • 2 beds 1 baths ∙ 730 Sqft ∙ Built 1960 2 beds 1 baths ∙ 730 Sqft ∙ Built 1960
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $749
    • $1.03
    •  
  • 2408 W Campbell Avenue #320 Phoenix, AZ 2
    • 2 beds 1 baths ∙ 840 Sqft ∙ Built 1965 2 beds 1 baths ∙ 840 Sqft ∙ Built 1965
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $1.01
    •  
  • 1920 W Flower Street #b Phoenix, AZ 3
    • 2 beds 1 baths ∙ 908 Sqft ∙ Built 1949 2 beds 1 baths ∙ 908 Sqft ∙ Built 1949
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.99
    •  
  • 2427 W Turney Avenue Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,023 Sqft ∙ Built 1949 2 beds 1 baths ∙ 1,023 Sqft ∙ Built 1949
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.97
    •  
PROPERTY LISTING DETAILS
Susan Nicolson
Sun Cactus & Pine Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199603
Last Updated: 02/26/2021
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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