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3629 N 49th Street Phoenix, AZ 85018

3 Beds 3 Baths 2,494 sqft Built 1957

$820,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $328.79
  • 7 Days on Market
  • MLS # : 6166479
  • Updated Date : 12/10/2020 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,494 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Melcher Agency

Listing Agent's Description

This lovely Arcadia home is welcoming and has many not- to- be missed features. Remodeled in 2004 by architect Vehr-Webb. Upon entering the home, the foyer has side panel fixed windows, 20'' porcelain tiled floors leading to the curved entry. The tiled flooring continues into the living room, family room, dining room and breakfast room. The living room features a red brick gas fireplace, built-in bookcases and a large picture window. The family room has 14' high coffered ceilings, oak French doors leading to a covered patio. There is 3' oak wainscoting. There is a glorious view of Camelback Mountain. The kitchen has maple European cabinets, granite countertops, a wine refrigerator and LG stainless steel appliances.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Orange Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $91k611k

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

Neighborhood: Orange Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342900

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$738,000$902,000$820,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$3,025
Property Tax -$425
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$755

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.

$820,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$223,050

INVESTMENT

$223,050

Down Payment
$205,000
Rehab Estimate
$5,750
Closing Costs
$12,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,025

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $205,000
Loan Amount $615,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,762

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,068

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3453$3,0004$3,7505$3,750
$3,750
RENT COMPS ANALYSIS
  • 3629 N 49th Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1957 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4437 E Clarendon Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.02
    •  
  • 3043 N 53rd Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1954
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 4248 E Clarendon Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1955
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.39
    •  
  • 4540 E Heatherbrae Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.37
    •  
PROPERTY LISTING DETAILS
Mario T Romero
The Melcher Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166479
Last Updated: 12/10/2020
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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