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6425 N 30th Place Phoenix, AZ 85016

2 Beds 2 Baths 2,172 sqft Built 1996

$920,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $423.57
  • 6 Days on Market
  • MLS # : 6175118
  • Updated Date : 12/30/2020 at 18:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,172 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

All New Furniture included in the Sale! Art excluded. This home is located in the picturesque foothills of the Phoenix Mountain Preserve. Biltmore Hillside Villas is a privately gated and guarded community with access to the Phoenix Preserve hiking and biking trails right outside your door. Gorgeous updated interior with light, wood plank flooring throughout, white kitchen cabinets with white quartz countertops. Also, high expansive ceilings and large windows covered with custom white wood grain shutters. Two oversized bedrooms, the Master Bedroom large enough for sitting area or exercise equipment. Backyard has a covered dining patio and extended patio with built-in BBQ. Low maintenance hardscape and mature landscaping. Surrounded by cutting edge restaurants and world class shopping!

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
 

$828,000$1,012,000$920,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$3,394
Property Tax -$661
Property Insurance -$70
HOA -$149
Property Management Fees -$99
CASH FLOW
-$713

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.

$920,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$249,550

INVESTMENT

$249,550

Down Payment
$230,000
Rehab Estimate
$5,750
Closing Costs
$13,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,394

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $230,000
Loan Amount $690,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,807

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
  • $3,367

    COMP ESTIMATED VALUE
  • $1.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4003$3,700
$3,700
RENT COMPS ANALYSIS
  • 6425 N 30th Place Phoenix, AZ 1
    • 2 beds 2 baths ∙ 2,172 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,172 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5010 N 34th Street #2 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 2,275 Sqft ∙ Built 2012 2 beds 3 baths ∙ 2,275 Sqft ∙ Built 2012
    property image
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.49
    •  
  • 2626 E Arizona Biltmore Circle #1 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 2,298 Sqft ∙ Built 1980 2 beds 2 baths ∙ 2,298 Sqft ∙ Built 1980
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.61
    •  
PROPERTY LISTING DETAILS
Mary Kincaid
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175118
Last Updated: 12/30/2020
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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