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19026 N 34th Drive Phoenix, AZ 85027

4 Beds 3 Baths 2,306 sqft Built 1986

$370,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $160.45
  • 3 Days on Market
  • MLS # : 6172930
  • Updated Date : 12/18/2020 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,306 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Fantastic opportunity to own this 4bed/2.5bath home with RV Gate in highly desirable North Phoenix- NO HOA! Charming brick ranch curb appeal leading into open floor plan with vaulted ceilings and a cozy fireplace. NEW PAINT throughoutSpacious kitchen boasts stylish counter tops and breakfast bar seating. Perfect for gathering with friends and family. Master retreat includes private en suite with dual sinks. Step out to your covered patio and enjoy your own private oasis. Beautiful sparkling, big pool and grassy area. Oversized 2 car garage with an office built inside and storage room. Seller is ready to move! Great location, minutes to shopping, dining, entertainment, I-17, the 101 and so much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k303k

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

Neighborhood: Country Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7961720

* 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
Park Meadows Elementary School Primary Regular 574 37 8
Park Meadows Elementary School Middle Regular 574 37 8
Barry Goldwater High School High Regular 1,856 88 4

Park Meadows Elementary School

  • Education Level: Primary
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Park Meadows Elementary School

  • Education Level: Middle
  • # of students: 574
  • # of teachers: 37
8
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,365
Property Tax -$221
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
$222

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$370,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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$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 35% 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

9

YEARS SAVED

$52,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,9503$1,9804$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 19026 N 34th Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.86
    •  
  • 3361 W Phelps Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 1978
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 4213 W Wahalla Lane Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2002
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 20834 N 39th Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2004
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 21047 N 33rd Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
PROPERTY LISTING DETAILS
Alexandria Carrasco
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172930
Last Updated: 12/18/2020
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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