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8415 N 32nd Avenue Phoenix, AZ 85051

3 Beds 2 Baths 1,552 sqft Built 1983

$260,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $167.53
  • 62 Days on Market
  • MLS # : 6127001
  • Updated Date : 11/02/2020 at 17:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,552 sqft
  • Baths : 2 full
Listing Agent

Sterling Fine Properties

Listing Agent's Description

Investors Only, tenants have a lease in place until Feb 28, 2021. Great for any investors portfolio. Walk through video available under photos tab. Block construction house with a private pool, great layout, and updated finishes. Ignore Days On Market, was temp off market for almost 2 months.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Alta Vista Elementary School Primary Regular 647 36 3
Alta Vista Elementary School Middle Regular 647 36 3
Cortez High School High Regular 1,127 55 4

Alta Vista Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 36
3
GreatSchools Rating

Alta Vista Elementary School

  • Education Level: Middle
  • # of students: 647
  • # of teachers: 36
3
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$959
Property Tax -$155
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$49

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.

$260,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,450

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,327

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3203$1,3504$1,3755$1,400
$1,400
RENT COMPS ANALYSIS
  • 8415 N 32nd Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.85
    •  
  • 3613 W Harmont Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1970
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 7734 N 30th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 3017 W Augusta Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1990
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.89
    •  
  • 8047 N 31st Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 1979
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
PROPERTY LISTING DETAILS
Gregory C Junge
Sterling Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6127001
Last Updated: 11/02/2020
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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