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6503 S 31st Drive Phoenix, AZ 85041

5 Beds 3 Baths 3,182 sqft Built 2005

$352,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $110.62
  • 2 Days on Market
  • MLS # : 6165642
  • Updated Date : 11/28/2020 at 15:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,182 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rubi Realty

Listing Agent's Description

Look at this Beautiful 5 bedrooms 2 1/2 baths, over 3,000 Sq ft. Large Living Room, Nice Kitchen, Granite countertops, newer cabinets. Large Master bedroom downstair with full bathroom, large walking closets. Tile and Carpet flooring thru out. upstair bonus/loft room, laundry room, All 4 bedrooms unstairs are large with walkin closets. Look at Back yard! it is huge! RV Gate. This is must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Laveen Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Bernard Black Elementary School Primary Regular 843 35 2
Bernard Black Elementary School Middle Regular 843 35 2
Cesar Chavez High School High Regular 2,575 131 3

Bernard Black Elementary School

  • Education Level: Primary
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Bernard Black Elementary School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$316,800$387,200$352,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,299
Property Tax -$229
Property Insurance -$89
HOA -$54
Property Management Fees -$99
CASH FLOW
$60

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.

$352,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.5%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,030

INVESTMENT

$99,030

Down Payment
$88,000
Rehab Estimate
$5,750
Closing Costs
$5,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,299

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,000
Loan Amount $264,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$30,286

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
  • $2,076

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,9954$2,3955$2,450
$2,450
RENT COMPS ANALYSIS
  • 6503 S 31st Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 3,182 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,182 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3427 W St Anne Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.54
    •  
  • 7418 S 25th Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2005
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.59
    •  
  • 4109 W Lydia Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.71
    •  
  • 3332 W Burgess Lane Phoenix, AZ 5
    • 5 beds 3 baths ∙ 3,182 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,182 Sqft ∙ Built 2006
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.77
    •  
PROPERTY LISTING DETAILS
Arturo Rubi
Rubi Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165642
Last Updated: 11/28/2020
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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