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9213 N 37th Avenue Phoenix, AZ 85051

4 Beds 2 Baths 2,201 sqft Built 1968

INVESTimate

$315,000

List Price

$1,550

$1,395 - $1,705

Rent Est.

$344,264  ( +9.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $143.12
  • 5 Days on Market
  • MLS # : 6121069
  • Updated Date : 08/24/2020 at 12:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,201 sqft
  • Baths : 2 full
Listing Agent

Weichert, Realtors - Courtney Valleywide

Listing Agent's Description

Come and see this complete remodel in Phoenix! Care and love rebuilt this home and almost everything you see is new. Fireplace tile, floors, cabinets, fixtures, paint inside and out, carpet, closets, bathroom, tub, baseboards, vanities, turf in the backyard, gravel....and the list goes on! The open floor plan and spacious living areas are great for entertaining. Did you enter into a spa? in the 2 custom built bathrooms, including a floating vanity in the hall bathroom and a 6- foot custom shower in the master bedroom. The master bedroom and bathroom are split from the other bedrooms. Did you need a chandelier? Well, there's one in your 9-foot custom walk-in closet in the spacious master bedroom. The rooms are a great size and perfect for kids or home office(s). The neighborhood....

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkwood South

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Parkwood South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Cactus Wren Elementary School Primary Regular 529 33 5
Cactus Wren Elementary School Middle Regular 529 33 5
Cortez High School High Regular 1,127 55 4

Cactus Wren Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 33
5
GreatSchools Rating

Cactus Wren Elementary School

  • Education Level: Middle
  • # of students: 529
  • # of teachers: 33
5
GreatSchools Rating

Cortez High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,395$1,705$1,550

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,162
Property Tax -$188
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$31

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.

$315,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.29%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$25,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,365
1$1,3652$1,3953$1,5504$1,5755$1,775
$1,775
RENT COMPS ANALYSIS
  • 9213 N 37th Avenue Phoenix, 3
    • 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.70
    •  
  • 3635 W Ironwood Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1969
    LEASED 02/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.70
    •  
  • 3430 W Seldon Lane Phoenix, 2
    • 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1959
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.69
    •  
  • 3602 W Ruth Avenue Phoenix, 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1960
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
  • 4336 W Carol Avenue Glendale, 5
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1971
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jillian L Haefs
Weichert, Realtors - Courtney Valleywide
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121069
Last Updated: 08/24/2020
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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