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9404 N 11th Place Phoenix, AZ 85020

3 Beds 1 Baths 1,192 sqft Built 1952

$249,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $209.65
  • 5 Days on Market
  • MLS # : 6166760
  • Updated Date : 12/05/2020 at 10:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,192 sqft
  • Baths : 1 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully remodeled home great for families or even an investment property! Large corner lot with mountain views from both front and back yards. Quartz countertops in the kitchen with brushed gold faucet and knobs, subway tile backsplash, porcelain tile throughout (no carpet), and amenities you would find in a much more expensive home! It also has a very big covered patio in the back too! Mbdm split floorplan.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Upshaw Desert View

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $67k271k

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

Neighborhood: Upshaw Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6841567

* 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
Sunnyslope Elementary School Primary Regular 832 41 3
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

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

$224,910$274,890$249,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$922
Property Tax -$149
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
$19

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.

$249,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.50%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$20,187

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
  • $1,424

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,5004$1,5505$1,560
$1,560
RENT COMPS ANALYSIS
  • 9404 N 11th Place Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,192 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,192 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9037 N 14th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1972
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
  • 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
    •  
  • 8812 N 12th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1970
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.14
    •  
  • 9414 N 17th Street Phoenix, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ron Johnson
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166760
Last Updated: 12/05/2020
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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