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6711 N 14th Place Phoenix, AZ 85014

3 Beds 2 Baths 1,662 sqft Built 1952

$515,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $309.87
  • 10 Days on Market
  • MLS # : 6144028
  • Updated Date : 11/02/2020 at 09:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full
Listing Agent

Best Homes Real Estate, Llc

Listing Agent's Description

This beautiful 3 Bedroom 2 Bathroom home in Hopi Vista has recently been updated with, new Interior and exterior paint, New Carpet in bedrooms. Beautiful plank tile floors throughout the main areas. Stunning new kitchen has shaker cabinets, SS appliances, Corian counters and a walk-in pantry. Beautiful updated bathrooms. Large back yard has many possibilities! Easy access to schools, shopping, dining and the 51 freeway. Owner Agent. No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hopi Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Hopi Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 Simis Elementary School Primary Regular 951 43 9
Madison Meadows Middle School Middle Regular 845 40 8
North High School High Regular 2,616 128 5

Madison Simis Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 43
9
GreatSchools Rating

Madison Meadows Middle School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 40
8
GreatSchools Rating

North High School

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

$463,500$566,500$515,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,900
Property Tax -$370
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$689

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.

$515,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$255

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
  • $1,866

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6954$1,8755$2,200
$2,200
RENT COMPS ANALYSIS
  • 6711 N 14th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6609 N 10th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 6741 N 11th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1951
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.14
    •  
  • 6814 N 14th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1950
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.06
    •  
  • 1619 E Maryland Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.23
    •  
PROPERTY LISTING DETAILS
Ricardo Camarillo
Best Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6144028
Last Updated: 11/02/2020
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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