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5650 S 13th Way Phoenix, AZ 85040

3 Beds 2 Baths 1,382 sqft Built 1973

$249,900

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $180.82
  • 2 Days on Market
  • MLS # : 6210063
  • Updated Date : 03/20/2021 at 17:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,382 sqft
  • Baths : 2 full
Listing Agent

Petersen Realty

Listing Agent's Description

This is a fantastic updated home in a great central location, home features upon entry nice size private yard with plenty of parking spaces entering into the home a large great room greets you with a beautiful brick wall fireplace. This floor plan is open with all of the key entertaining areas at focal points. Formal dining area and a nice size kitchen with lots of cabinet space and SS appliances. Home features three bedrooms two updated bathrooms with custom tile work, there is an extra bonus room off of the kitchen area and a large inside laundry room. Home features a large backyard and outdoor cooking area. This won't last long, welcome home~

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villa Monte Vista

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Villa Monte Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6011567

* 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 F. Kennedy Elementary School Primary Regular 530 39 2
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA

John F. Kennedy Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 39
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

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

$224,910$274,890$249,900

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$868
Property Tax -$162
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$54

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.

$249,900

PROJECTED PRICE

$1,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,199

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$9953$1,1304$1,4455$1,495
$1,495
RENT COMPS ANALYSIS
  • 5650 S 13th Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.82
    •  
  • 2161 E Broadway Road Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.88
    •  
  • 2123 E Broadway Road Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1953
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.83
    •  
  • 8439 S 9th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1982
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.86
    •  
  • 6447 S 17th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Ryan K Tollstrup
Petersen Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210063
Last Updated: 03/20/2021
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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