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4738 N 14th Avenue Phoenix, AZ 85013

3 Beds 3 Baths 2,131 sqft Built 1956

$455,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $213.51
  • 2 Days on Market
  • MLS # : 6165562
  • Updated Date : 11/28/2020 at 10:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,131 sqft
  • Baths : 3 full
Listing Agent

Balboa Realty, Llc

Listing Agent's Description

This home in Cox Estates has been fully remodeled including new underground plumbing and 3 full bathrooms. As you pull up you will notice the awesome curb appeal--fresh paint on the exterior, new sod and sprinklers, new pavers and accent wood wall. As you enter the home, you will find luxury vinyl flooring through out. The new kitchen features white shaker cabinets, quartz countertops, large island and stainless appliances. Dining area is right in front of fireplace with stylish tile. Off back is large laundry room. Overlooking the backyard is open living room. Down the hall is office/den, hall bath, guest room, secondary master and then master bath. Master features huge walk in closet, private toilet room, separate vanities and an oversized walk-in shower.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cox Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k284k

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

Neighborhood: Cox Estates

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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
3
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
 

$409,500$500,500$455,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,679
Property Tax -$240
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$4

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.

$455,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$34,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,206

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0253$2,0904$2,1955$2,395
$2,395
RENT COMPS ANALYSIS
  • 4738 N 14th Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.98
    •  
  • 4831 N 13th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1956
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
  • 745 W Coolidge Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1946 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1946
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.99
    •  
  • 5646 N 12th Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 1950 3 beds 2 baths ∙ 2,121 Sqft ∙ Built 1950
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.03
    •  
  • 517 W Oregon Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 1945 3 beds 3 baths ∙ 2,383 Sqft ∙ Built 1945
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
PROPERTY LISTING DETAILS
Wyley Brown
Balboa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165562
Last Updated: 11/28/2020
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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