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17429 N 20th Street Phoenix, AZ 85022

3 Beds 2 Baths 1,690 sqft Built 1995

$414,500

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $245.27
  • 3 Days on Market
  • MLS # : 6189417
  • Updated Date : 02/06/2021 at 23:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,690 sqft
  • Baths : 2 full
Listing Agent

Best Homes Real Estate, Llc

Listing Agent's Description

WELCOME HOME !!!!!CUSTOM TILE THROUGH OUT !!NEW INTEROR PAINT , 1 YEAR OLD KITCHEN APPLIANCE AND WASHER & DRYER ALL INCLUDED. BIG OPEN FLOOR PLAN WITH GREAT ROOM. BATH ROOMS HAVE BEEN UP DATED . JUST BRING THE FURNITURE . BIG OPEN FLOOR PLAN MEASURES OUT OVER 1800 SQ FT .

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parke Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k272k

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

Neighborhood: Parke Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Echo Mountain Primary School Primary Regular 609 37 4
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Echo Mountain Primary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 37
4
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$373,050$455,950$414,500

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,440
Property Tax -$261
Property Insurance -$60
HOA -$40
Property Management Fees -$99
CASH FLOW
-$180

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.

$414,500

PROJECTED PRICE

$1,720

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,593

INVESTMENT

$115,593

Down Payment
$103,625
Rehab Estimate
$5,750
Closing Costs
$6,218

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,440

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,625
Loan Amount $310,875
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,083

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
  • $1,728

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6504$1,7005$1,825
$1,825
RENT COMPS ANALYSIS
  • 17429 N 20th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17606 N 17th Place #1064 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1998
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 17310 N 19th Terrace Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2005
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 1920 E Bell Road #1152 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 17440 N 19th Terrace Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 2004
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.06
    •  
PROPERTY LISTING DETAILS
Peter Castellucci
Best Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189417
Last Updated: 02/06/2021
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.

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