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37437 N 11th Avenue Phoenix, AZ 85086

4 Beds 2 Baths 2,912 sqft Built 2001

$495,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $169.99
  • 6 Days on Market
  • MLS # : 6180647
  • Updated Date : 01/22/2021 at 02:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,912 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

72 HOUR Home Sale. ''Horse property'' Custom Block Home with lots of room for toys, kids, animals, horses Built in 2001. This home has a basement with 2 bedrooms with large great room. Perfect for the large family family. 2 bedrooms on main floor upstairs (Master is on this floor) two additional bedrooms downstairs with a large recreational room with an outside exit. Perfect for the kids - 3 car garage, Views of the mountains off of the covered back porch. Horse corral conveys with property!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
Desert Mountain School Primary Regular 695 42 7
Desert Mountain School Middle Regular 695 42 7
Boulder Creek High School High Regular 2,639 105 6

Desert Mountain School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Desert Mountain School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,719
Property Tax -$434
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$106

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.

$495,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$18,394

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,233

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,2304$2,250
$2,250
RENT COMPS ANALYSIS
  • 37437 N 11th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,912 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,912 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.77
    •  
  • 39714 N Belfair Way Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 2023 W Shackleton Drive Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 39524 N Belfair Way Anthem, AZ 4
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
PROPERTY LISTING DETAILS
Joseph J. Frontauria
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180647
Last Updated: 01/22/2021
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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