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7601 N 41st Avenue Phoenix, AZ 85051

4 Beds 2 Baths 1,648 sqft Built 1967

$289,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $175.91
  • 5 Days on Market
  • MLS # : 6166864
  • Updated Date : 12/02/2020 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Trelora Realty

Listing Agent's Description

Don't miss this opportunity to see this beautiful 4 bedroom 2 bathroom home located in an amazing location near 43rd ave and Northern! As you approach the front door the large beautiful style archways line the entry pathway with an extra large driveway and 2 car garage. Home features an open concept floor plan that is both inviting as well as functional. Upgraded kitchen features newer appliances, gas range, white cabinets, and granite counters. Large upgraded tiles cover the floor throughout all of the common areas in the home. Master suite features a on suite bathroom. The large private backyard is a great area for hosting and entertaining. Home is currently tenant occupied but will be vacant by the end of the month. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lori Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Lori Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7921567

* 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
Roadrunner Elementary School Primary Regular 797 35 4
Roadrunner Elementary School Middle Regular 797 35 4
Apollo High School High Regular 1,976 91 6

Roadrunner Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Roadrunner Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,070
Property Tax -$173
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$121

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.

$289,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,355

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2803$1,2954$1,4505$1,499
$1,499
RENT COMPS ANALYSIS
  • 7601 N 41st Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1967
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.78
    •  
  • 4039 W El Caminito Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
  • 4141 W Orchid Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 4601 W Northview Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 4134 W Las Palmaritas Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.83
    •  
PROPERTY LISTING DETAILS
Brock S Embree
Trelora Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166864
Last Updated: 12/02/2020
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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