Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7409 S 12th Avenue Phoenix, AZ 85041

4 Beds 3 Baths 2,474 sqft Built 2017

$459,999

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $185.93
  • 3 Days on Market
  • MLS # : 6209362
  • Updated Date : 03/20/2021 at 14:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,474 sqft
  • Baths : 2 full , 1 half
Listing Agent

Endless Ventures

Listing Agent's Description

In this market you can have it all? Yes!! 2018 build that is better than new and model. Ladies- Kitchen was gutted and dream kitchen installed with over 30k of new high end appliances.High end shutter thru out. Fantastic master suite with huge spaces in closet and master bath. New tile in entertainment areas/baths. Open concept living/kitchen. Quiet street with great neighbors. Guys- Super garage has 14' front door and 46' in length! Even has 10' exit on to more slab parking/basketball court or? You don't have enough toys for this one. Garage even has own ac system. House is only 3 years old= no weekend projects. Huge BBQ stays with pergola for entertaining. Only one like it on market.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Baseline Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k293k

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

Neighborhood: Baseline Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Cesar Chavez High School High Regular 2,575 131 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$413,999$505,999$459,999

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,598
Property Tax -$299
Property Insurance -$75
HOA -$75
Property Management Fees -$99
CASH FLOW
-$436

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.

$459,999

PROJECTED PRICE

$1,710

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $344,999
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7103$1,9004$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 7409 S 12th Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.69
    •  
  • 1523 W Saint Catherine Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 2116 W Fawn Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 7212 S 15th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 6029 S 15th Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,349 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,349 Sqft ∙ Built 2004
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dana Lambert
Endless Ventures
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209362
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy