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7525 N 17th Drive Phoenix, AZ 85021

3 Beds 3 Baths 1,862 sqft Built 1954

$565,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $303.44
  • 2 Days on Market
  • MLS # : 6181902
  • Updated Date : 01/16/2021 at 05:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,862 sqft
  • Baths : 2 full , 1 half
Listing Agent

L.a. Fisher Real Estate Investment Company

Listing Agent's Description

Welcome to this Beautiful and Thoughtfully Designed Brick Home. Completely Remodeled with Love and Attention. The Home Features a Huge Great Room and an Ample Primary Suite. You will Enjoy the Oversized Master Bathroom, with a Shower for Two! The Kitchen Features a Commercial Style Stainless Steel Range/Oven. Newer Roof, Newer AC Units, Newer Sewer Lines, Newer Plumbing, and Newer Electric all combined make this Home a Great Choice! The Multi-Zone AC System along with Spray Foam Insulation and Foam Panels Create an Energy Efficient Lifestyle, even during extreme weather. The Garage, with Two 8' Glass Panel Doors, is set up with a 3/4 Bathroom along with electric and plumbing for a Kitchenette, should you need the option of an Additional Living Space. This a Perfect Place to call Home!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northern Star

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Northern Star

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9341669

* 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
 

$508,500$621,500$565,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,962
Property Tax -$337
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$562

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.

$565,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.34%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,9003$1,9504$1,9755$2,450
$2,450
RENT COMPS ANALYSIS
  • 7525 N 17th Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1954 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 1814 W Vista Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 8121 N 16th Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1969
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 6744 N 14th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
  • 1516 W Glenn Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1970
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.21
    •  
PROPERTY LISTING DETAILS
Lee A. Fisher
L.a. Fisher Real Estate Investment Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181902
Last Updated: 01/16/2021
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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