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6330 N 23rd Avenue Phoenix, AZ 85015

3 Beds 2 Baths 1,158 sqft Built 1957

$259,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $224.44
  • 2 Days on Market
  • MLS # : 6203299
  • Updated Date : 03/07/2021 at 01:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,158 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

QUIET GEM IN FANTASTIC CENTRAL PHOENIX LOCATION * ACROSS THE STREET FROM WASHINGTON PARK ACTIVITY CENTER | POOL & TENNIS CENTER * NO HOA * REMODELED KITCHEN * BAY WINDOW * MAPLEWOOD CABINETS * GRANITE COUNTERS * ISLAND * GAS STOVE * DUAL PANE WINDOWS 2013 * ROOF 2015 * HVAC 2016 * NEST THERMOSTAT * UPDATED ELECTRICAL * MASTER ENSUITE BATH * SPACIOUS BEDROOMS * FRONT & CARPORT DOORS REPLACED 2020 * CUSTOM METAL SECURITY DOORS 2021 * RECENTLY PAINTED EXTERIOR * 3BR 2BA CARPORT * AZ ROOM * LARGE STORAGE ROOM W/ WALL A/C * SEP LAUNDRY ROOM * HUGE ATTACHED WORKSHOP * FULL BLOCK FENCE SURROUND * THIS IS A MUST SEE BEAUTY * PAINTED CONCRETE FLOORS THROUGHOUT * PERFECT FIRST-TIME HOME OR INVESTMENT PROPERTY * AVAILABLE TO SHOW SAT AND SUN OR BY APPT ONLY * DO NOT MISS THIS ONE * HURRY

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PRICE & RENT TRENDS

Neighborhood: Cavalier Freeway

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Cavalier Freeway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8271567

* 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
Washington High School High Regular 1,714 73 4

Washington High School

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

$233,910$285,890$259,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$903
Property Tax -$155
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$37

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.

$259,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$12,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,178

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2503$1,3004$1,3505$1,445
$1,445
RENT COMPS ANALYSIS
  • 6330 N 23rd Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.01
    •  
  • 6565 N 19th Avenue #43 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 6565 N 19th Avenue #44 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.07
    •  
  • 2041 W Stella Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1957
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
  • 6216 N 31st Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.96
    •  
PROPERTY LISTING DETAILS
W. Russell Shaw
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203299
Last Updated: 03/07/2021
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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