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6819 N 30th Drive Phoenix, AZ 85017

3 Beds 2 Baths 1,572 sqft Built 1969

$265,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $168.58
  • 3 Days on Market
  • MLS # : 6159662
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,572 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Clean as a whistle this one is! Move in ready, 3 bedroom, 2 bath home. Tried and true slump block home, with green grass, giving this a nice curb appeal. Enter to a spacious living/family room. Continue to the eat in kitchen with beautiful medium toned cabinetry bringing a rustic element to the home, granite countertops, and stainless steel appliances. Split floorplan with spacious master off the kitchen featuring a walk in closet. Guest bath and 2 bedrooms on the other side. Head out back to the covered patio with paver floor, more green grass, and a mature tree. Side yard boasts plenty of room for an RV gate and storage. Inside laundry. This one won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deanmar Manor

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Deanmar Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8071567

* 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$978
Property Tax -$158
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$43

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.

$265,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$15,395

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,250

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,320

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3503$1,3954$1,4155$1,450
$1,450
RENT COMPS ANALYSIS
  • 6819 N 30th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 7734 N 30th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 6814 N 30th Avenue Phoenix, AZ 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, AZ 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, AZ 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
Steve Valentine
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159662
Last Updated: 11/13/2020
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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