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

7708 N 17th Drive Phoenix, AZ 85021

3 Beds 2 Baths 1,152 sqft Built 1954

$320,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $277.78
  • 4 Days on Market
  • MLS # : 6169918
  • Updated Date : 12/12/2020 at 17:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

BEAUTIFULLY UPGRADED 3 bdrm 2 bath home in central Phoenix! This charming home has been completely remodeled.. Gorgeous kitchen has granite counters, maple cabinets, and stainless steel appliances.. Both bathrooms updated.. Newer Low-E windows.. Huge IRRIGATED yard with lots of grass and mature fruit trees and a private back patio for relaxing!! Washer/Dryer/Refrigerator convey.. NO HOA!! This home is a MUST SEE!!

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,181
Property Tax -$191
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$180

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.

$320,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,371

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
  • $1,397

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4954$1,5455$1,675
$1,675
RENT COMPS ANALYSIS
  • 7708 N 17th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2523 W Vista Avenue #b Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1943 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1943
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.20
    •  
  • 1945 W Gardenia Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.23
    •  
  • 7318 N 20th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1959
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.25
    •  
  • 7709 N 18th Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.17
    •  
PROPERTY LISTING DETAILS
Mary Montague
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169918
Last Updated: 12/12/2020
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.

BESbswy