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4833 N 63rd Avenue Phoenix, AZ 85033

3 Beds 2 Baths 1,700 sqft Built 1967

$340,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $200.00
  • 1 Days on Market
  • MLS # : 6263764
  • Updated Date : 07/13/2021 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 1 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

A block away from Grand Canyon University. Minutes from the 101, I-10, and I-17. You'll have a hard time finding a more centralized location in Phoenix. Separate Living & Family Rooms and tile flooring throughout the home. The kitchen offers island, granite countertops, and tile backsplash. Good sized bedrooms all with ceiling fans. The back yard has a covered patio and swimming pool and all the room you need to play and relax and entertain your friends. Priced perfect this gem won't last long so hurry and come take a look. You'll be glad you did!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Holiday Park Elementary School Primary Regular 814 39 2
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Holiday Park Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 39
2
GreatSchools Rating

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$1,181
Property Tax -$205
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$385

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.

$340,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,288

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,160
1$1,1602$1,2503$1,3254$1,3505$1,520
$1,520
RENT COMPS ANALYSIS
  • 4833 N 63rd Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.68
    •  
  • 6334 W College Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1972
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.74
    •  
  • 6020 W Pinchot Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
  • 3330 N 64th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 6521 W Turney Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1960
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ruben Luna
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263764
Last Updated: 07/13/2021
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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