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9206 N 14th Street Phoenix, AZ 85020

3 Beds 2 Baths 1,127 sqft Built 1949

$295,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $261.76
  • 4 Days on Market
  • MLS # : 6162461
  • Updated Date : 11/20/2020 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,127 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Two houses on one huge lot. Main house is 2 bedroom/1 bath with tile/laminate floors throughout. New paint, appliances and updated bathroom. Light, bright, clean and move in ready. The guest house is 1 bed/1 bath, new AC and move in ready as well, perfect Mother in Law set up, rental or, Airbnb. Recently added screened in back porch, pavered patio with built in planter, two permanent shade structures and Tuff Shed for extra storage. Low maintenance yards front and back. Views of the Mountain Preserve from the front, close to hiking and the I-51. Great opportunity in great location with RV gate and best of all no HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillier Hts

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $70k271k

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

Neighborhood: Hillier Hts

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6961567

* 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
Desert View Elementary School Primary Regular 454 29 3
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$1,088
Property Tax -$176
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$293

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.

$295,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,1503$1,5004$1,5605$1,750
$1,750
RENT COMPS ANALYSIS
  • 9206 N 14th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,127 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,127 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.99
    •  
  • 8821 N 4th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.21
    •  
  • 9846 N 17th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.20
    •  
  • 9414 N 17th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1964
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.28
    •  
  • 1042 E El Camino Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1958
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.25
    •  
PROPERTY LISTING DETAILS
David Schuster
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162461
Last Updated: 11/20/2020
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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