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6125 N 31st Court Phoenix, AZ 85016

3 Beds 4 Baths 3,509 sqft Built 1996

$895,000

List Price

$4,370

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $255.06
  • 5 Days on Market
  • MLS # : 6139923
  • Updated Date : 10/30/2020 at 19:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,509 sqft
  • Baths : 3 full , 1 half
Listing Agent

Launch Real Estate

Listing Agent's Description

UNIQUE TERRITORIAL HOME LOCATED ON THE BILTMORE GROUNDS. EASY ACCESS TO HOME IN BILTMORE GREENS AT 32ND ST/CLAREMONT. 3 EN-SUITES WITH MASTER ON THE MAIN LEVEL. 2 ADDITIONAL SUITES ON 2ND LEVEL. PRIMARY LEVEL OFFERS A PRIVATE OFFICE/HOME SCHOOL SPACE, LIVING DINING AREA, FAMILY ROOM ADJACENT TO THE EAT-IN KITCHEN WITH LUXURY APPLIANCES. WALK OUT THE FAMILY ROOM TO THE COVER PATIO AREA WITH BUILT-IN GRILL, POOL WITH WATERFALL, SPA AND FIREPLACE NEXT TO MASTER SUITE. PROPANE TANK ON SIDE YARD SERVICE THE FIREPLACE OUTSIDE AND THE GRILL ON PATIO. GARAGE OFFERS SPACE FOR 3 CARS VIA TANDEM DESIGN. AND BUILT IN STORAGE. WALK TO HIKING TRAILS NORTH OF 32ND ST/LINCOLN, VISIT NEIGHBORHOOD RESTAURANTSl L''AMORE,BASE PIZZA, STARBUCKS, DRYCLEANERS,PET STORE, HUNTER DOUGLAS WINDOW COVERINGS,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Biltmore Greens III

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800kPrice in $91k848k

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

Neighborhood: Biltmore Greens III

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9343720

* 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 Heights Elementary School Primary Regular 538 30 8
Madison 1 Middle School Middle Regular 923 50 7
Camelback High School High Regular 2,048 110 4

Madison Heights Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 30
8
GreatSchools Rating

Madison 1 Middle School

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

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$805,500$984,500$895,000

PURCHASE PRICE

$3,933$4,807$4,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,370
EXPENSES Loan Payment -$3,302
Property Tax -$826
Property Insurance -$96
HOA -$5
Property Management Fees -$99
CASH FLOW
$43

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.

$895,000

PROJECTED PRICE

$4,370

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$62,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,370

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $4,649

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,3003$4,3704$4,5005$5,000
$5,000
RENT COMPS ANALYSIS
  • 6125 N 31st Court Phoenix, AZ 3
    • 3 beds 4 baths ∙ 3,509 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,509 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,370
    • $1.25
    •  
  • 2737 E Arizona Biltmore Circle #23 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 3,250 Sqft ∙ Built 1983 3 beds 3 baths ∙ 3,250 Sqft ∙ Built 1983
    property image
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.23
    •  
  • 5128 N 34th Place Phoenix, AZ 2
    • 4 beds 5 baths ∙ 3,186 Sqft ∙ Built 2002 4 beds 5 baths ∙ 3,186 Sqft ∙ Built 2002
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.35
    •  
  • 6413 N 30th Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.36
    •  
  • 3101 E Vermont Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,674 Sqft ∙ Built 1983 4 beds 3 baths ∙ 3,674 Sqft ∙ Built 1983
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Melanie Mcfarland
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6139923
Last Updated: 10/30/2020
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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