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8041 S 14th Street Phoenix, AZ 85042

2 Beds 1 Baths 1,434 sqft Built 1940

INVESTimate

$349,900

List Price

$1,310

$1,179 - $1,441

Rent Est.

$381,776  ( +9.11%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $244.00
  • 9 Days on Market
  • MLS # : 6115976
  • Updated Date : 08/22/2020 at 22:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,434 sqft
  • Baths : 1 full
Listing Agent

Lra Real Estate Group, Llc

Listing Agent's Description

Unique Opportunity to buy in the highly desired foothills citrus park neighborhood! Rare Historic home on over a half acre, irrigated lot w/ several navel orange & citrus trees. RV gate & driveways on both sides of the house. Located near the base of South Mountain on quiet, dead-end street. House remodeled about a year ago, including new kitchen w/new white shaker cabinets, new white quartz counter tops, & new stainless-steel appliances, recess lighting & pendant lighting over the large kitchen island. XL windows in kitchen allow for a great view of the back yard & full natural lighting. Refinished original wood flooring throughout. Home has a new HVAC system & duct-work, new electrical wiring, new plumbing, & new hot water heater. Large Dining room exits to the back patio....

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PRICE & RENT TRENDS

Neighborhood: Highline Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Highline Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8901567

* 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
Maxine O. Bush Elementary School Primary Regular 451 22 2
Maxine O. Bush Elementary School Middle Regular 451 22 2
South Mountain High School High Regular 1,706 102 2

Maxine O. Bush Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

Maxine O. Bush Elementary School

  • Education Level: Middle
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,291
Property Tax -$227
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$363

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.

$349,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.11%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,190

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
  • $1,305

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,275
$1,275
RENT COMPS ANALYSIS
  • 8041 S 14th Street Phoenix, 1
    • 2 beds 2 baths ∙ 1,434 Sqft ∙ Built 1940 2 beds 2 baths ∙ 1,434 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2570 E Valley View Drive Phoenix, 2
    • 2 beds 1 baths ∙ 1,400 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,400 Sqft ∙ Built 1950
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.91
    •  
PROPERTY LISTING DETAILS
Don T Mortensen
Lra Real Estate Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6115976
Last Updated: 08/22/2020
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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