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3601 N 12th Street Phoenix, AZ 85014

3 Beds 2 Baths 1,368 sqft Built 1945

$439,500

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1945
  • Price/Sqft : $321.27
  • 2 Days on Market
  • MLS # : 6190898
  • Updated Date : 02/06/2021 at 18:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,368 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Downtown living close to sports facilities, entertainment, and restaurants. Complete remodel with everything new in 2018. Welcoming entry to beautiful interior with wood like tile floors that carry through all the traffic areas. Kitchen boasts quartz counters with waterfall peninsula. Stainless appliances and all the cabinets throughout home are soft close. Master bedroom on one side has large walk in closet and dual sinks in master bath with separate toilet room, with neutral tile in shower. Inside laundry . Large lot, private side patio sitting area for entertaining. So many upgrades to list a must see home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Longview Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k271k

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

Neighborhood: Longview Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Unknown NA

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$395,550$483,450$439,500

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,527
Property Tax -$232
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$561

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.

$439,500

PROJECTED PRICE

$1,350

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,218

INVESTMENT

$122,218

Down Payment
$109,875
Rehab Estimate
$5,750
Closing Costs
$6,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,527

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,875
Loan Amount $329,625
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,577

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,4954$1,7955$2,000
$2,000
RENT COMPS ANALYSIS
  • 3601 N 12th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1945
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 1215 E Meadowbrook Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 4618 N 12th Place #mh Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 351 E Thomas Road #d101 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 1115 E Whitton Avenue #1 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1928 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1928
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.26
    •  
PROPERTY LISTING DETAILS
Ann P Hazel
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190898
Last Updated: 02/06/2021
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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