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4501 N Valerie Place Phoenix, AZ 85013

3 Beds 2 Baths 1,542 sqft Built 1953

$509,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $330.67
  • 4 Days on Market
  • MLS # : 6180634
  • Updated Date : 01/15/2021 at 21:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,542 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

WONDERFUL & CHARMING MID-CENTURY, HOME IN CENTRAL PHOENIX! 3 BEDROOM, 2 GORGEOUS BATHS AND A LARGE GREAT ROOM FOR ENTERTAINING. STAINED CONCRETE FLOORS AND BRAND-NEW CARPET IN THE BEDROOMS. UPDATED AND OPEN KITCHEN WITH STAINLESS BOSCH APPLIANCES AND LOTS OF NATURAL LIGHT. LARGE COVERED PATIO THAT LOOKS OUT ON A BEAUTIFUL, LOW MAINTENANCE, SYNTHETIC GRASS YARD WITH RAISED PLANTERS ALONG THE BACK WALL. PERFECT FOR OUTSIDE AZ ENTERTAING! NEWER AC UNIT, BRAND NEW WATER HEATER AND WASHER AND DRYER TO BE INSTALLED IN THE NEXT 2 WEEKS. HOME IS LOCATED CLOSE TO YAPEL HISTORIC DISTRICT AND THE MANY GREAT SHOPS & RESTAURANTS IN CENTRAL PHOENIX. COME SEE TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Square

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Central Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Central High School High Regular 2,251 136 3

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

Central High School

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

$458,910$560,890$509,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,771
Property Tax -$269
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$516

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.

$509,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,677

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,6504$1,6805$1,795
$1,795
RENT COMPS ANALYSIS
  • 4501 N Valerie Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.09
    •  
  • 208 W Glenrosa Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 1501 W Hazelwood Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 4508 N 15th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 1214 W Highland Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1956
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.15
    •  
PROPERTY LISTING DETAILS
Gary B Heaps
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180634
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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