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3986 N 14th Street Phoenix, AZ 85014

3 Beds 2 Baths 1,428 sqft Built 1998

$415,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $290.62
  • 12 Days on Market
  • MLS # : 6145865
  • Updated Date : 10/31/2020 at 11:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Organic Gardener's Delight! Open floor plan with high ceilings is light and bright and is great for entertaining. The main living area and chef's kitchen with breakfast bar have beautiful views of this lush garden like yard, sparkling pool & long covered patio. Sparkling pool built 2014 with new filter 2020. 12 ft. covered patio runs length of the home for a backyard that is perfect for Phoenix. Master planter has had selected/designed all plants for food/homeopathic medicine and has been cared for organically. Large Master Closet w/custom built-in organizer. Ceiling fans all rooms. Nice 16x20 car-barn/workshop in back w/storage in loft. Doggie door plus dog run . New AC/Heat Pump 2014, New water heater 12/2017. Amazing central location.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deerwood Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Deerwood Place

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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,531
Property Tax -$219
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$364

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.

$415,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.37%

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-$5.0k$0.0$5.0k$10k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5254$1,5405$1,600
$1,600
RENT COMPS ANALYSIS
  • 3986 N 14th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.08
    •  
  • 920 E Devonshire Avenue #1029 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2006
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 920 E Devonshire Avenue #2009 Phoenix, AZ 2
    • 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
    •  
  • 2605 N 14th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1980
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.16
    •  
  • 897 E Roma Avenue #2 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2007
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Paige Whitney
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6145865
Last Updated: 10/31/2020
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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