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9437 N 13th Avenue Phoenix, AZ 85021

3 Beds 2 Baths 1,160 sqft Built 1946

$225,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $193.97
  • 2 Days on Market
  • MLS # : 6160591
  • Updated Date : 11/14/2020 at 11:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,160 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

This home includes 3 Bedrooms 2 Bathrooms. Great Location near Freeways. Nice Big Backyard. Parking for many cars. A Huge Car Port for your Big Toys. This home is a beauty. It has tile flooring in all the right places. Nice front porch with a nice front grassy yard. This home is well taken care off and it won't last. Come and see it before it's gone.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothill Acres

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Foothill Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6611567

* 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
Mountain View School Primary Regular 1,505 79 2
Sunnyslope High School High Regular 2,064 88 6

Mountain View School

  • Education Level: Primary
  • # of students: 1,505
  • # of teachers: 79
2
GreatSchools Rating

Sunnyslope High School

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

$202,500$247,500$225,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$830
Property Tax -$134
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
$77

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.

$225,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$24,331

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
  • $1,296

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1953$1,5004$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 9437 N 13th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1631 W Cheryl Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1958
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.15
    •  
  • 1742 W Mission Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1959
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 15 W Mission Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1948
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.15
    •  
  • 9009 N 18th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1959
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
Omar Vasquez
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160591
Last Updated: 11/14/2020
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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