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16425 S 33rd Street Phoenix, AZ 85048

4 Beds 3 Baths 2,176 sqft Built 1990

INVESTimate

$370,000

List Price

$1,830

$1,647 - $2,013

Rent Est.

$395,493  ( +6.89%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $170.04
  • 10 Days on Market
  • MLS # : 6118826
  • Updated Date : 08/18/2020 at 16:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,176 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Move-in Ready two-story with 4 bed, 3 bath! Enter to formal living & dining with beautiful laminate floors, soft color palette and vaulted ceilings. Open concept for the kitchen, dining and family room. Family room has tile floors and a cozy fireplace. Kitchen has white cabinets, SS appliances , built-in desk and a pantry. One bedroom & bath downstairs. Generous sized bedrooms upstairs. Large owner's suite has vaulted ceilings, full bath and walk-in closet. Community pool.Walking distance to schools. Easy access to major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Valencia Shores

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Valencia Shores

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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,365
Property Tax -$263
Property Insurance -$70
HOA -$145
Property Management Fees -$99
CASH FLOW
-$112

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.

$370,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.89%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,953

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8303$1,8504$1,9505$2,220
$2,220
RENT COMPS ANALYSIS
  • 16425 S 33rd Street Phoenix, 2
    • 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.84
    •  
  • 16202 S 35th Street Phoenix, 1
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1989
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 3324 E Long Lake Road Phoenix, 3
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1996
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 16010 S 32nd Place Phoenix, 4
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 3328 E Mountain Vista Drive Phoenix, 5
    • 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1988
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.94
    •  
PROPERTY LISTING DETAILS
Vance Nielson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118826
Last Updated: 08/18/2020
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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