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5812 N 12th Street #9 Phoenix, AZ 85014

3 Beds 3 Baths 2,562 sqft Built 1979

$615,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $240.05
  • 3 Days on Market
  • MLS # : 6181385
  • Updated Date : 01/15/2021 at 19:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,562 sqft
  • Baths : 3 full
Listing Agent

Property Dimensions Real Estate Group

Listing Agent's Description

Spectacular 3 bed 3 bath + loft and 2 car garage townhome in a great location! This home has had a stunning renovation completely opening up the kitchen and living space and adding beautiful finishes to all surfaces. The kitchen and bathrooms all have beautiful hickory cabinets and white quartz countertops. The floors throughout are an engineered hardwood in a warm inviting tone. The master bath has been reconfigured to feature a large double shower, double sinks, and linen closet with marble tile floors and shower. The large loft leads out to a great little balcony and looks down on the living room which has huge windows, stone fireplace, and french doors. The wood slat ceilings in the upstairs bedrooms and stairwell are original and amazing! All new roof and downstairs AC unit Dec 2020!

SEE MORE

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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,136
Property Tax -$442
Property Insurance -$77
HOA -$185
Property Management Fees -$99
CASH FLOW
-$569

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.

$615,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$10k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,376

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2453$2,3504$2,4955$2,700
$2,700
RENT COMPS ANALYSIS
  • 5812 N 12th Street #9 Phoenix, AZ 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
    •  
    • $0
    • $0.00
    •  
  • 604 E Orangewood Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,510 Sqft ∙ Built 1961 3 beds 2 baths ∙ 2,510 Sqft ∙ Built 1961
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.89
    •  
  • 5344 N 20th Street Phoenix, AZ 3
    • 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
    •  
  • 7221 N 18th Place Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 1979
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.94
    •  
  • 2117 E Pasadena Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,908 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,908 Sqft ∙ Built 1973
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Stephanie Chapman
Property Dimensions Real Estate Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181385
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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