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6314 N 14th Place Phoenix, AZ 85014

3 Beds 2 Baths 1,829 sqft Built 1952

$589,300

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $322.20
  • 4 Days on Market
  • MLS # : 6186597
  • Updated Date : 01/28/2021 at 22:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,829 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Location, Location! Beautiful sought after north central red brick property. 3 large bedrooms, 2 baths, on beautiful mature cul-de-sac lot. Travertine floors throughout. Open kitchen & great room. Family room has a cozy fireplace & wet bar. The eat-in kitchen has custom cabinets, Corian counters, SS appliances, Breakfast Bar including Eat in kitchen nook with butler bar. Plantation shutters in all the right places. Primary bedroom has a private entrance from backyard, full bath with garden tub, separate travertine shower, and walk-in closet. Enjoy lush landscaped backyard perfect for relaxing! Tiled covered patio, lawn area, and mature privacy foliage. Close to shopping, dining, and the 51. Come and see this charming home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rose Lane Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k434k

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

Neighborhood: Rose Lane Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342139

* 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 Rose Lane School Primary Regular 815 43 7
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA

Madison Rose Lane School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 43
7
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$530,370$648,230$589,300

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$2,047
Property Tax -$424
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$842

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.

$589,300

PROJECTED PRICE

$1,790

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.8%
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-$15k-$10k-$5.0k$0.0$5.0k

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$161,915

INVESTMENT

$161,915

Down Payment
$147,325
Rehab Estimate
$5,750
Closing Costs
$8,840

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,047

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,325
Loan Amount $441,975
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6493$1,7904$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 6314 N 14th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.98
    •  
  • 6609 N 10th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 6040 N 15th Street #39 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.95
    •  
  • 1539 E San Miguel Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 5739 N 16th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1948
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
PROPERTY LISTING DETAILS
Lisa N Lanham
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186597
Last Updated: 01/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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