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7209 N 17th Avenue Phoenix, AZ 85021

3 Beds 4 Baths 2,487 sqft Built 1956

$649,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $260.96
  • 2 Days on Market
  • MLS # : 6175498
  • Updated Date : 01/02/2021 at 20:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,487 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Beautifully remodeled oasis in North Central Phoenix. Sprawling open floor plan with gourmet kitchen featuring custom white cabinetry, quartz countertops, stainless appliances including gas range, tile backsplash, and large island. Kitchen overlooks cozy family room with fireplace. Formal dining with built-in bar. Plank tile flooring throughout living areas. Split secondary bedrooms including one with private bath. Spacious master bedroom with french doors leading to backyard and luxurious bath with separate vanities, freestanding soaker tub, walk-in shower, and walk-in closet. Backyard offers 3 covered patios including one large outdoor living room space. Sparkling pool with dedicated pool bath. Separate RV garage measures 28'x18' and could accommodate 2-4 cars. A must see rare find!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

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

Neighborhood: Westwood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Orangewood Elementary School Primary Regular 1,016 48 4
Orangewood Elementary School Middle Regular 1,016 48 4
Washington High School High Regular 1,714 73 4

Orangewood Elementary School

  • Education Level: Primary
  • # of students: 1,016
  • # of teachers: 48
4
GreatSchools Rating

Orangewood Elementary School

  • Education Level: Middle
  • # of students: 1,016
  • # of teachers: 48
4
GreatSchools Rating

Washington High School

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

$584,100$713,900$649,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,395
Property Tax -$387
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$96

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.

$649,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$38,622

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
  • $3,053

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8953$2,8954$2,9505$3,300
$3,300
RENT COMPS ANALYSIS
  • 7209 N 17th Avenue Phoenix, AZ 1
    • 3 beds 4 baths ∙ 2,487 Sqft ∙ Built 1956 3 beds 4 baths ∙ 2,487 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6137 N 9th Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 1955
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.31
    •  
  • 416 W Flynn Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1968
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.12
    •  
  • 6623 N 2nd Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1949 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1949
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.30
    •  
  • 20 E Northview Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1954 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1954
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.18
    •  
PROPERTY LISTING DETAILS
Michael J. Misheski
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175498
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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