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5216 S 12th Avenue Phoenix, AZ 85041

2 Beds 1 Baths 983 sqft Built 1961

$205,000

List Price

$780

$702 - $858

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $208.55
  • 5 Days on Market
  • MLS # : 6154001
  • Updated Date : 10/31/2020 at 13:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 983 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

Charming single story home ideal for first time buyers! Boasting gated front yard with grass, beautiful trees, and covered front porch to relax. Gorgeous interior offers cozy living room, neutral paint throughout for a bright feel, lovely laundry room including washer & dryer, nice size bedrooms, and a bonus room ready to be used as whatever you'd like. Immaculate kitchen comes with plenty of cabinet and counter space. The fabulous bath has track lighting in vanity and a tub/shower combination. Bring your imagination to life in the backyard, and create a resort style masterpiece. This move-in ready home won't las long! Call for a private viewing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highland Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Highland Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6061567

* 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
John R. Davis School Primary Regular 467 21 1
John R. Davis School Middle Regular 467 21 1
Cesar Chavez High School High Regular 2,575 131 3

John R. Davis School

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 21
1
GreatSchools Rating

John R. Davis School

  • Education Level: Middle
  • # of students: 467
  • # of teachers: 21
1
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$702$858$780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $780
EXPENSES Loan Payment -$756
Property Tax -$133
Property Insurance -$43
Property Management Fees -$99
CASH FLOW
-$251

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.

$205,000

PROJECTED PRICE

$780

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$507

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $780

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $781

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$780
1$7802$8153$9504$975
$975
RENT COMPS ANALYSIS
  • 5216 S 12th Avenue Phoenix, AZ 1
    • 2 beds 1 baths ∙ 794 Sqft ∙ Built 1961 2 beds 1 baths ∙ 794 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $780
    • $0.98
    •  
  • 331 W Carson Road #2 Phoenix, AZ 2
    • 2 beds 1 baths ∙ 850 Sqft ∙ Built 1958 2 beds 1 baths ∙ 850 Sqft ∙ Built 1958
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $815
    • $0.96
    •  
  • 1601 W Darrel Road Phoenix, AZ 3
    • 2 beds 2 baths ∙ 988 Sqft ∙ Built 1972 2 beds 2 baths ∙ 988 Sqft ∙ Built 1972
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.96
    •  
  • 6401 S 4th Avenue Phoenix, AZ 4
    • 2 beds 1 baths ∙ 946 Sqft ∙ Built 1954 2 beds 1 baths ∙ 946 Sqft ∙ Built 1954
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sosa S Justine
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154001
Last Updated: 10/31/2020
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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