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3633 N 3rd Avenue #2095 Phoenix, AZ 85013

3 Beds 2 Baths 1,252 sqft Built 1999

$289,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $231.55
  • 3 Days on Market
  • MLS # : 6157437
  • Updated Date : 11/07/2020 at 07:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,252 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Upscale Townhouse In the Heart Of Midtown Features Hard-to-Find 3 Bedrooms, 2 Baths and One Car Garage. The Attractive Great Room Offers Soaring Ceilings, Fireplace With Beautiful Stone Fascia, LOTS of Natural Light & Modern Built-In Entertainment Center. The Inviting Kitchen Features Granite Counter Tops, White Cabinets and A Cozy Dining Nook. Two Master Bedrooms, One on Each Level With Walk-in Closets. Attractive Built-In Cabinets in 2 Bedrooms. The Top Level Offers A Spacious 3rd Bedroom & Laundry Including Washer (New in 2020) & Dryer. Modern Laminate Flooring On Main Level. AC Unit Is One Year Old & Comes With Warranty. The Common Areas Include A Heated Pool & Spa, Workout Room, BBQ Areas & Club House That Can Be Rented For Events. Walk To Light Rail, Restaurants & Shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Avenue Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Central Avenue Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8651624

* 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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
3
GreatSchools Rating

Osborn Middle School

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

Central High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,070
Property Tax -$153
Property Insurance -$52
HOA -$287
Property Management Fees -$99
CASH FLOW
-$280

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.

$289,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 13.0%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,493

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3803$1,4004$1,4505$1,800
$1,800
RENT COMPS ANALYSIS
  • 3633 N 3rd Avenue #2095 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.10
    •  
  • 3848 N 3rd Avenue #1008 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1996
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.16
    •  
  • 3848 N 3rd Avenue #1072 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1996
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.21
    •  
  • 920 E Devonshire Avenue #2009 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2004
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 4330 N 5th Avenue #213 Phoenix, AZ 5
    • 3 beds 4 baths ∙ 1,454 Sqft ∙ Built 1985 3 beds 4 baths ∙ 1,454 Sqft ∙ Built 1985
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.24
    •  
PROPERTY LISTING DETAILS
Asa Hemberg
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157437
Last Updated: 11/07/2020
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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