Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6115 N 17th Avenue Phoenix, AZ 85015

3 Beds 2 Baths 1,598 sqft Built 1951

INVESTimate

$355,000

List Price

$1,420

$1,278 - $1,562

Rent Est.

$389,897  ( +9.83%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1951
  • Price/Sqft : $222.15
  • 8 Days on Market
  • MLS # : 6117001
  • Updated Date : 08/19/2020 at 14:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,598 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Totally remodeled w/designer touches. Beautiful home with a new kitchen including granite counters throughout, VIKING stainless appliances, full height cabinets with custom tile accents in the kitchen/bath. Shower/tub surround, travertine floors, plush carpet in the bedrooms. Martha Stewart wood closets. New Low E windows. 6 panel solid core interior doors. Big walk-in shower in master. Oil rubbed bronze bath faucets. Large open plan w/kitchen open to the dining/ great room. Newer roof and AC. New updated electric panel in backyard. Beautiful french doors leading out to large grass backyard. Minutes from light rail, alley access w RV gate. Move-in ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hoffmantown

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k284k

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

Neighborhood: Hoffmantown

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
Maryland Elementary School Primary Regular 899 48 2
Maryland Elementary School Middle Regular 899 48 2
Washington High School High Regular 1,714 73 4

Maryland Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 48
2
GreatSchools Rating

Maryland Elementary School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 48
2
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,278$1,562$1,420

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,310
Property Tax -$196
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$243

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.

$355,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.83%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,792

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
  • $1,422

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,3954$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 6115 N 17th Avenue Phoenix, 1
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2012 W Solano Drive Phoenix, 2
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 1725 W Marlette Avenue Phoenix, 3
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 1812 W Claremont Street Phoenix, 4
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 1303 W San Miguel Avenue Phoenix, 5
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1953
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
PROPERTY LISTING DETAILS
Eric Avdee
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117001
Last Updated: 08/19/2020
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.

BESbswy