Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3842 N 50th Place Phoenix, AZ 85018

3 Beds 2 Baths 1,363 sqft Built 1956

$649,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $476.82
  • 3 Days on Market
  • MLS # : 6202482
  • Updated Date : 03/06/2021 at 14:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,363 sqft
  • Baths : 2 full
Listing Agent

Phoenix Property Group

Listing Agent's Description

Come check out this beautiful home that resides in the Kachina Estates neighborhood of Arcadia, this three bedroom two bath move-in ready home has a stunning kitchen design by popular Arcadia designer theLifeStyled Co. and built by Willsheim Design and Build. This gem has a new roof fresh exterior paint and remodel bathrooms nestled in an oversized lot with views of camelback. This home is just walking distance to O.H.S.O Arcadia, L.G.O. and tons of other amazing restaurants and bars. This home won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kachina Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k537k

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

Neighborhood: Kachina Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342755

* 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
 

$584,910$714,890$649,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,257
Property Tax -$336
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$667

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.

$649,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 11.4%
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-$10k-$5.0k$0.0$5.0k$10k

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$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,995

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,0804$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 3842 N 50th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.53
    •  
  • 3421 N 51st Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1955
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.33
    •  
  • 4423 E Piccadilly Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1958
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.50
    •  
  • 4814 E Avalon Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1956
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.44
    •  
  • 3038 N 52nd Place Phoenix, AZ 5
    • 3 beds 1 baths ∙ 1,538 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,538 Sqft ∙ Built 1955
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.37
    •  
PROPERTY LISTING DETAILS
Beau Carson Browder
Phoenix Property Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202482
Last Updated: 03/06/2021
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.

BESbswy