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5823 N 44th Place Phoenix, AZ 85018

4 Beds 3 Baths 2,773 sqft Built 1972

$1,125,000

List Price

$4,130

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $405.70
  • 2 Days on Market
  • MLS # : 6178870
  • Updated Date : 01/09/2021 at 00:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,773 sqft
  • Baths : 2 full , 1 half
Listing Agent

Launch Real Estate

Listing Agent's Description

Incredible opportunity in a hot neighborhood. The choice to create your own or tear down and start new. This camelback view lot on a quiet cul-de-sac has unlimited potential and will not last long. Priced aggressively to sell quick!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heritage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800k900k1000kPrice in $91k1050k

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

Neighborhood: Heritage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9344479

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$1,012,500$1,237,500$1,125,000

PURCHASE PRICE

$3,717$4,543$4,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,130
EXPENSES Loan Payment -$3,908
Property Tax -$681
Property Insurance -$81
HOA -$180
Property Management Fees -$99
CASH FLOW
-$819

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,125,000

PROJECTED PRICE

$4,130

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$303,875

INVESTMENT

$303,875

Down Payment
$281,250
Rehab Estimate
$5,750
Closing Costs
$16,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,908

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $281,250
Loan Amount $843,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$10,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,130

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $4,451

    COMP ESTIMATED VALUE
  • $1.61

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,1303$4,3004$4,5005$4,795
$4,795
RENT COMPS ANALYSIS
  • 5823 N 44th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $4,130
    • $1.49
    •  
  • 4343 E Stanford Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
  • 5301 N 43rd Place Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.58
    •  
  • 4302 E St Joseph Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1957
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.58
    •  
  • 4037 E Montebello Avenue Phoenix, AZ 5
    • 5 beds 4 baths ∙ 2,669 Sqft ∙ Built 1958 5 beds 4 baths ∙ 2,669 Sqft ∙ Built 1958
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,795
    • $1.80
    •  
PROPERTY LISTING DETAILS
Frank Dimaggio
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178870
Last Updated: 01/09/2021
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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