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6741 N 12th Street Phoenix, AZ 85014

3 Beds 2 Baths 1,456 sqft Built 1952

$399,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $274.66
  • 2 Days on Market
  • MLS # : 6190815
  • Updated Date : 02/06/2021 at 05:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Connect Realty.com Inc.

Listing Agent's Description

Beautifully remodeled home in North Central Phoenix. Open kitchen with quartz countertops ,Stainless steel appliances and a custom backsplash! New windows throughout and 2 inch faux wood blinds! Wood like tile in all traffic areas. Upgraded bathrooms, newer carpet, fixtures, fans and decorator touches throughout! Large lot that will fit all of your cars and toys. R.V gate and huge backyard , ready for a pool! This home is set very far back from the street! New A/C unit in 2020! Great home in move in condition!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Squaw Peak Heights West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k396k

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

Neighborhood: Squaw Peak Heights West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341986

* 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
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Unknown NA

Madison Simis Elementary School

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

North High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,389
Property Tax -$309
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$213

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.

$399,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,799

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
  • $1,645

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4754$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 6741 N 12th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7016 N 10th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1953
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.11
    •  
  • 1222 E Mclellan Boulevard Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1952
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.17
    •  
  • 6609 N 10th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1953
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 6741 N 11th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,485 Sqft ∙ Built 1951
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.18
    •  
PROPERTY LISTING DETAILS
Lisa L. Payne
Connect Realty.com Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190815
Last Updated: 02/06/2021
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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