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5721 N 13th Place Phoenix, AZ 85014

4 Beds 2 Baths 1,566 sqft Built 1952

$500,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $319.28
  • 2 Days on Market
  • MLS # : 6168255
  • Updated Date : 12/05/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,566 sqft
  • Baths : 2 full
Listing Agent

Highland Real Estate

Listing Agent's Description

This stunning completely remodeled home is located in the heart of it all in the Central Corridor. You are greeted with a lush green yard leading you to the attractive front porch sitting area, that is ideal to sit & mingle with neighbors, family & friends. Inside, you are welcomed with gorgeous wood-look tile floors throughout all main living areas. The remodeled kitchen is sure to impress w/ beautiful white cabinets, quartz counters, stainless appliances, gas range, and ample size eat-in area. The captivating bathrooms are highlighted w/ stunning tile work. Other features include recessed lighting throughout, dual pane windows, inside laundry, 4th bdrm that's ideal as an office, and new roof 2018. Out back is a large covered patio w/ a beautiful yard. Surrounded by top dining & shopping!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: McAdams Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k399k

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

Neighborhood: McAdams Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 1 Middle School Primary Regular 923 50 7
Madison 1 Middle School Middle Regular 923 50 7
North High School High Regular 2,616 128 5

Madison 1 Middle School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

North High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,845
Property Tax -$359
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$641

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.

$500,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6003$1,6494$1,7205$1,795
$1,795
RENT COMPS ANALYSIS
  • 5721 N 13th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,566 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.10
    •  
  • 5250 N 20th Street #220 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1960
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 6609 N 10th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 6040 N 15th Street #39 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.95
    •  
  • 5634 N 6th Street #1 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1949
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.17
    •  
PROPERTY LISTING DETAILS
Rick Ramella
Highland Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168255
Last Updated: 12/05/2020
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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