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6801 N 32nd Drive 
Phoenix, AZ
85017
4 Beds 2 Baths 1,475 sqft
Built 1954
INVESTimate
$229,900
List Price
$66,674
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PROPERTY INFO
FACTS
- Built In 1954
- Price/Sqft : $155.86
- 2 Days on Market
- MLS # : 6122311
- Updated Date : 08/25/2020 at 10:59
CONSTRUCTION
- Beds : 4
- Floor Size : 1,475 sqft
- Baths : 1 full , 1 half
Listing Agent
Petersen Realty
Listing Agent's Description
This adorable home has been updated and is waiting for its new owner. Home features four bedrooms one and a half baths. Great room upon entry into formal dining and eat in kitchen area that has a gas stove and a unique corner kitchen sink. Off the kitchen step down into what could be a great room or a huge master suite with private sitting area, this room features beams on the ceiling in great room and into the master with a half bath. Large laundry area and also an exit to the backyard. Three bedrooms up front in a split floor plan with a nice size guest bath that has been completely updated with custom tile work. Ceiling fans throughout, New roof and new paint inside and out as well. Backyard features RV gate and a bare landscape waiting for your personal touch Welcome home~
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PRICE & RENT TRENDS
Neighborhood: Cavalier Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cavalier Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,200 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$137 | |
| Property Insurance | -$56 | |
| 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.
$229,900
PROJECTED PRICE
$1,200
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.98% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
7.08
YEARS SAVED
$22,700
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,200
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,261
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6801 N 32nd Drive Phoenix, 1
- 4 beds 2 baths ∙ 1,475 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,475 Sqft ∙ Built 1954
![property image]()
- Rent
- Rent Per SQFT
- $1,200
- $0.81
-
3926 W Mclellan Boulevard Phoenix, 2
- 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,249
- $0.88
-
6814 N 30th Avenue Phoenix, 3
- 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1969
![property image]()
LEASED 09/10/19- Rent
- Rent Per SQFT
- $1,395
- $0.83
-
7609 N 34th Avenue Phoenix, 4
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1970
![property image]()
LEASED 08/20/19- Rent
- Rent Per SQFT
- $1,415
- $0.86
-
3043 W Tuckey Lane Phoenix, 5
- 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
PROPERTY LISTING DETAILS
Petersen Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122311
Last Updated: 08/25/2020
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.
