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7530 N 11th Avenue Phoenix, AZ 85021

4 Beds 3 Baths 3,637 sqft Built 1959

INVESTimate

$895,000

List Price

$2,920

$2,670 - $3,170

Rent Est.

$958,098  ( +7.05%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $246.08
  • 9 Days on Market
  • MLS # : 6112601
  • Updated Date : 08/18/2020 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,637 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Incredible neighborhood/community, updated floor plan w/ an open kitchen to the family room plus formal living & dining room, separate media/tv room, split floor plan w/ a beautiful & spacious master bedroom/bath & a resort like backyard that includes a pool, fire feature, fire pit & built-in barbecue. The kitchen has great work space w/ granite counter tops, custom cabinets w/ glass fronts, a walk-in pantry & lots of storage. Plus a breakfast bar and eating area.This neighborhood is fast becoming one of the most sought out areas in the North Central Corridor & is a great choice for those looking to get closer to Xavier & Brophy. Large lots, sidewalks, close to great retail and freeway access. Reference floor plan for layout.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwind Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k592k

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

Neighborhood: Westwind Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342709

* 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
 

$805,500$984,500$895,000

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$3,302
Property Tax -$534
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
-$1,113

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.

$895,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.05%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,004

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
  • $3,019

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 7530 N 11th Avenue Phoenix, 1
    • 4 beds 3 baths ∙ 3,637 Sqft ∙ Built 1959 4 beds 3 baths ∙ 3,637 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8007 N 7th Avenue Phoenix, 2
    • 5 beds 4 baths ∙ 3,834 Sqft ∙ Built 1979 5 beds 4 baths ∙ 3,834 Sqft ∙ Built 1979
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jonathan Mirmelli
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6112601
Last Updated: 08/18/2020
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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