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16221 S 33rd Street Phoenix, AZ 85048

4 Beds 3 Baths 2,223 sqft Built 1988

$385,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $173.19
  • 2 Days on Market
  • MLS # : 6169511
  • Updated Date : 12/12/2020 at 18:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,223 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

4 bedroom, 2.5 bath home in Lakewood. Soaring ceilings in the great room give a lux feeling as soon as you enter the home. Fresh paint and carpet throughout. Lovely stacked stone fireplace with rustic mantle in the family room - a perfect setting for your holiday get-togethers. Brand new master shower with frameless shower enclosure. Kitchen is light and bright with open view of the back yard. You'll be just 4 houses away from the lake and walking paths! East-facing back yard and covered patio are perfect for outdoor gatherings. Low HOA fee and best value for a 4-bedroom home in Lakewood!

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,420
Property Tax -$274
Property Insurance -$71
HOA -$6
Property Management Fees -$99
CASH FLOW
$50

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.

$385,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$31,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,040

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9203$1,9504$2,1505$2,220
$2,220
RENT COMPS ANALYSIS
  • 16221 S 33rd Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,223 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,223 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.86
    •  
  • 16202 S 35th Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1989
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 16010 S 32nd Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 16635 S 33rd Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1986
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 3328 E Mountain Vista Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1988
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lisa M Sandoval
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169511
Last Updated: 12/12/2020
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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