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6413 N 31st Street Phoenix, AZ 85016

4 Beds 3 Baths 3,600 sqft Built 1997

$1,275,000

List Price

$4,530

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $354.17
  • 7 Days on Market
  • MLS # : 6154612
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,600 sqft
  • Baths : 3 full
Listing Agent

Azcre, Llc

Listing Agent's Description

The most upgraded home in the subdivision!!! Upstairs laundry room & refrigerator, ELEVATOR, walk-in tub, upstairs living room, a tankless water heater, and huge master closet are just some of the added features. Largest backyard in the Villas with water feature and lush landscaping, It also has the only additional balcony off the upstairs office that features built in cabinetry. Work with views of the peak! Did I mention an ELEVATOR.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Biltmore Hillside Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800k900kPrice in $91k968k

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

Neighborhood: Biltmore Hillside Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9343951

* 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
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$4,077$4,983$4,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,530
EXPENSES Loan Payment -$4,704
Property Tax -$916
Property Insurance -$97
HOA -$149
Property Management Fees -$99
CASH FLOW
-$1,436

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.

$1,275,000

PROJECTED PRICE

$4,530

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$2,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,530

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $4,800

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,5003$4,5304$5,000
$5,000
RENT COMPS ANALYSIS
  • 6413 N 31st Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,600 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,600 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $4,530
    • $1.26
    •  
  • 6125 N 31st Court Phoenix, AZ 1
    • 3 beds 4 baths ∙ 3,508 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,508 Sqft ∙ Built 1996
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.28
    •  
  • 6413 N 30th Place Phoenix, AZ 2
    • 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.36
    •  
  • 3101 E Vermont Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,674 Sqft ∙ Built 1983 4 beds 3 baths ∙ 3,674 Sqft ∙ Built 1983
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Jason Feldman
Azcre, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154612
Last Updated: 11/13/2020
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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