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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

$1,200

$1,080 - $1,320

Rent Est.

$262,040  ( +13.98%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
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~

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cavalier Glen

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Cavalier Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7081567

* 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
Ocotillo Elementary School Primary Regular 789 36 2
Palo Verde Middle School Middle Regular 925 46 3
Washington High School High Regular 1,714 73 4

Ocotillo Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 36
2
GreatSchools Rating

Palo Verde Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 46
3
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

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
$1,200
1$1,2002$1,2493$1,3954$1,4155$1,450
$1,450
RENT COMPS ANALYSIS
  • 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
Ryan K Tollstrup
Petersen Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122311
Last Updated: 08/25/2020
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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