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13620 N 21st Avenue Phoenix, AZ 85029

3 Beds 2 Baths 1,894 sqft Built 1971

$379,999

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $200.63
  • 4 Days on Market
  • MLS # : 6154621
  • Updated Date : 10/31/2020 at 14:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full
Listing Agent

Crossroads Brokerage

Listing Agent's Description

Open Concept Layout dual Pane Windows, Brazilian Walnut Flooring, Travertine-style Porcelain tile.Two Gar Garage enters into the laundry roomwith Front Loading Washer/Dryer and a Water Softening System. Beautifully remodeled kitchen upgraded with Granite Countertops, Bosch Dishwasher, a Drop-In Induction Cooktop, Built-In Oven/Microwave and Deluxe Samsung Refrigerator. Next is the dining area and a family room with an Adobe-Style Fireplace and a large Backyard with Covered Patio and Diving Pool. The master bedroom has a walk-in closet, newly remodeled master bath featuring a granite vanity, twin sinks and a tiled walk in shower. Main bath recently upgraded , features a granite vanity. Central Air ThroughoutCentrally Located in North Phoenix close to the I-17 freeway and Loop 101

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9301567

* 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
Moon Mountain Elementary School Primary Regular 779 43 3
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Moon Mountain Elementary School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 43
3
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$341,999$417,999$379,999

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,402
Property Tax -$227
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$322

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.

$379,999

PROJECTED PRICE

$1,470

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $284,999
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,977

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
  • $1,558

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4504$1,6255$1,642
$1,642
RENT COMPS ANALYSIS
  • 13620 N 21st Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2185 W Sharon Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 2529 W Wethersfield Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 2168 W Sharon Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1971
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.82
    •  
  • 2934 W Acoma Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1976
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,642
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154621
Last Updated: 10/31/2020
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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