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16020 S 39th Place Phoenix, AZ 85048

3 Beds 2 Baths 1,919 sqft Built 1987

$515,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $268.37
  • 3 Days on Market
  • MLS # : 6167454
  • Updated Date : 12/04/2020 at 20:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Key Results Realty Llc

Listing Agent's Description

BEAUTIFULLY REMODELED FOR SPECTACULAR INDOOR/OUTDOOR LIVING! The open model provides views to the fabulous backyard patio, with a newly remodeled pebble tec pool, full fireplace and outdoor TV's that can be viewed from every angle through the four panel glass doors. Enjoy the stunning indoor fireplace place wall, wine bar and beautiful kitchen with Cambria quartz, stainless steel appliances, lovely soft close cabinetry w/under cabinet lighting - an entertainer's dream!! The owner's suite is split from the secondary bedrooms and has a sliding door to the back patio & a barn door leading to a completely redesigned bathroom that accommodates a huge walk-in shower. All 3 bedrooms have large walk-in closets for plenty of storage space. Refer to the documents tab for an extensive remodel list.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,900
Property Tax -$367
Property Insurance -$65
HOA -$6
Property Management Fees -$99
CASH FLOW
-$666

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.

$515,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$10k-$5.0k$0.0$5.0k

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,981

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,9453$1,9504$1,9995$2,195
$2,195
RENT COMPS ANALYSIS
  • 16020 S 39th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.92
    •  
  • 4226 E Briarwood Terrace Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1989
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.99
    •  
  • 16612 S 43rd Place Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
  • 4118 E Ashurst Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1987
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.04
    •  
  • 4308 E Redwood Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2003
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.06
    •  
PROPERTY LISTING DETAILS
Debi Gotlieb
Key Results Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167454
Last Updated: 12/04/2020
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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