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7029 N 14th Street Phoenix, AZ 85020

3 Beds 2 Baths 1,474 sqft Built 1950

$425,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $288.33
  • 3 Days on Market
  • MLS # : 6165192
  • Updated Date : 11/27/2020 at 12:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,474 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Stunning urban home in the highly desired North Central corridor of Phoenix, is perfectly situated on an oversized cul de sac lot. Theupdated home boasts impeccable industrial touches on the inside with polished concrete floors, exposed steel beams, new interior paint,light fixtures featuring Edison bulbs and tons of natural light pouring into the space. The split master bedroom includes its own A/C unit, afloating dual sink vanity and waterfall shower in the bathroom. On the opposite wing of the house are two generous sized rooms. Head tothe mature backyard to find lush green grass, pecan and citrus trees, grape vines, fully enclosed raised bed vegetable garden, a rooftopdeck for hangouts and sunsets, and finally, your very own chicken coop!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Patio del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k329k

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

Neighborhood: Patio del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9061652

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,568
Property Tax -$305
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$428

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6954$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 7029 N 14th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 1950
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 6609 N 10th Place Phoenix, AZ 1
    • 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
    •  
  • 1049 E Northview Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1955
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.27
    •  
  • 7036 N 15th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1951
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
PROPERTY LISTING DETAILS
Ami Maldonado
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165192
Last Updated: 11/27/2020
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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