Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16859 S 20th Way Phoenix, AZ 85048

3 Beds 2 Baths 1,314 sqft Built 1993

$349,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $266.29
  • 2 Days on Market
  • MLS # : 6189289
  • Updated Date : 02/13/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,314 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Hurry to this single level, 3 bedroom home nestled in Ahwatukee Foothills waiting for a lucky buyer to call home! Open & Bright layout, vaulted ceiling and beautiful wood floors in the great room, kitchen and bedrooms. Neutral 24'' tile in bathrooms, entry and fireplace surround. Spacious eat-in kitchen with granite tops. Private Backyard Oasis! Entertain your family and friends in the refreshing pebble sheen pool built in 2007. Mature landscape, mountain views & a nice size covered patio with no neighbors behind. The garage is equipped with a workbench, vaulted ceilings & recessed lighting, excellent for any hobby. Easy access around town with the recently finished 202 loop within 2 minutes. This home won't last long! Check out the full list of upgrades in the document section.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,215
Property Tax -$249
Property Insurance -$53
HOA -$6
Property Management Fees -$99
CASH FLOW
-$142

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.

$349,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,486

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
  • $1,478

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7954$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 16859 S 20th Way Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16811 S 13th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 2036 E Windsong Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1994
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.20
    •  
  • 2952 E Saltsage Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2013
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 15415 S 24th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1991
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.18
    •  
PROPERTY LISTING DETAILS
Jaysen Easa
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189289
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy