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4507 N 12th Street #1 Phoenix, AZ 85014

2 Beds 3 Baths 1,900 sqft Built 2009

$540,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $284.21
  • 2 Days on Market
  • MLS # : 6193630
  • Updated Date : 02/13/2021 at 18:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Azarchitecture/jarson & Jarson

Listing Agent's Description

Timeless architecturally designed contemporary loft condo in the heart of Phoenix! Showcasing a palette of high-end finishes and architectural details in this spacious 3-level residence: Walnut wood floors, custom steel & wood stairway, floor-to-ceiling windows showcase city light views. Exposed masonry, high-end cabinetry, stainless steel appliances plus a custom steel island add to the unique feel of the kitchen/great room. The large master has views of downtown, great closet space and a fantastic bath. Also on the third level is a spacious second bedroom and bath, plus a built-out office area. The extra large garage has tons of storage and a stylish opaque glass-paneled garage door. All this near downtown and the shopping & restaurants in the Camelback Corridor.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA

Madison Camelview Elementary School

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

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,876
Property Tax -$388
Property Insurance -$64
HOA -$175
Property Management Fees -$99
CASH FLOW
-$682

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$540,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$191

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
  • $2,237

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9853$2,2004$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4507 N 12th Street #1 Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,900 Sqft ∙ Built 2009 2 beds 3 baths ∙ 1,900 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 914 E Osborn Road #210 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,652 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,652 Sqft ∙ Built 2001
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $1.20
    •  
  • 4230 N 21st Street #4 Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,886 Sqft ∙ Built 2010 2 beds 3 baths ∙ 1,886 Sqft ∙ Built 2010
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 4230 N 21st Street #5 Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,886 Sqft ∙ Built 2010 2 beds 3 baths ∙ 1,886 Sqft ∙ Built 2010
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 2470 E Roma Avenue Phoenix, AZ 5
    • 2 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006 2 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
Tracey Zemer
Azarchitecture/jarson & Jarson
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193630
Last Updated: 02/13/2021
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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