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4326 N 25th Street #104 Phoenix, AZ 85016

3 Beds 3 Baths 2,189 sqft Built 2006

$599,900

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $274.05
  • 7 Days on Market
  • MLS # : 6158782
  • Updated Date : 11/16/2020 at 15:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,189 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Contemporary masterpiece at Biltmore Lofts. Phenomenal location of this truly modern, gated community. This 12 home development features luxurious, modern lofts with attached garages. Inside you'll find 3 oversized bedrooms, floor to ceiling windows in the huge master suite, open/great room floor plan, high ceilings, and great finishes throughout. Outside you have a great sized yard for your kids, dogs, or entertaining area. The Biltmore has been long established as a premier location in Arizona. Great access to shopping, dining, business, airport, sporting, and concert venues. Welcome Home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Biltmore Lofts Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $83k562k

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

Neighborhood: Biltmore Lofts Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621723

* 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
Madison Camelview Elementary School Primary Regular 689 33 4
Madison Park Middle School Middle Regular 423 22 4
Camelback High School High Regular 2,048 110 4

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

Madison Park Middle School

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 22
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,213
Property Tax -$431
Property Insurance -$70
HOA -$300
Property Management Fees -$99
CASH FLOW
-$353

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.

$599,900

PROJECTED PRICE

$2,760

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.7%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,726

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
  • $2,775

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,8005$2,995
$2,995
RENT COMPS ANALYSIS
  • 4326 N 25th Street #104 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4437 N 24th Place #71 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 2444 E Montecito Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 2608 E Turney Avenue #10 Phoenix, AZ 4
    • 3 beds 4 baths ∙ 2,155 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,155 Sqft ∙ Built 2010
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.30
    •  
  • 4444 N 25th Street #44 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2018
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.43
    •  
PROPERTY LISTING DETAILS
Zachary Cates
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158782
Last Updated: 11/16/2020
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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