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5812 N 12th Street #37 # 37 Phoenix, AZ 85014

3 Beds 3 Baths 2,562 sqft Built 1979

INVESTimate

$450,000

List Price

$2,150

$1,935 - $2,365

Rent Est.

$498,240  ( +10.72%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $175.64
  • 3 Days on Market
  • MLS # : 6121533
  • Updated Date : 08/25/2020 at 14:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,562 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Here is your chance to complete this amazing project w/ great bones!. Gated community-no common walls-courtyard entry-2 balconies in the front-3bed/3 baths--1 bed/bath downstairs-formal dining-loft area & two fireplaces. Loft can be easily converted to 4th bedroom-Has closet already. Monster 17' ceilings in living room, amazing floor to ceiling windows, huge master bedroom w/ sitting area, Fireplace & a large walk-in closet. Unit is just off the pool- Buyer to complete master bath, kitchen shelves and some flooring--Seller has Tub/Toto toilet for master & major items in kitchen--Property is sold as-is-Personal, unattached property TO CONVEY should be detailed in the purchase contract- Seller will review all offers 7 days after property is Active please write offers accordingly.

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PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,660
Property Tax -$323
Property Insurance -$77
HOA -$185
Property Management Fees -$99
CASH FLOW
-$195

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.72%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$14,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,773

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3503$2,4504$2,7005$3,000
$3,000
RENT COMPS ANALYSIS
  • 5812 N 12th Street #37 Phoenix, 1
    • 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 5344 N 20th Street Phoenix, 2
    • 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 1969
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
  • 5374 N 20th Street Phoenix, 3
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 1966 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 1966
    property image
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.07
    •  
  • 2008 E Gardenia Avenue Phoenix, 4
    • 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 1972
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.08
    •  
  • 1818 E Rovey Avenue Phoenix, 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1959
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
PROPERTY LISTING DETAILS
Rebecca Keenan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121533
Last Updated: 08/25/2020
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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