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19816 N 33rd Place Phoenix, AZ 85050

4 Beds 2 Baths 1,848 sqft Built 1994

$439,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $238.04
  • 3 Days on Market
  • MLS # : 6208768
  • Updated Date : 03/20/2021 at 15:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,848 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

4 Bedroom, 2 Bath, 1848 SQ FT, single level home on a quiet street. Moments from Costco and Desert Ridge shopping. Gorgeous large lot with low maintenance synthetic lawn. New disposal and dishwasher, new water heater, newer A/C unit. Electric or gas hookup for dryer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kaufman Broad at Desert Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Kaufman Broad at Desert Canyon

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
Vista Verde Middle School Middle Regular 637 31 4
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

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

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,528
Property Tax -$277
Property Insurance -$63
HOA -$10
Property Management Fees -$99
CASH FLOW
$13

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.

$439,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.5%
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$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$26,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9903$2,0954$2,1005$2,599
$2,599
RENT COMPS ANALYSIS
  • 19816 N 33rd Place Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.08
    •  
  • 19621 N 36th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
  • 3506 E Kerry Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
  • 3103 E Wescott Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1996
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.17
    •  
  • 3217 E Oraibi Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $1.29
    •  
PROPERTY LISTING DETAILS
Anita Schneider
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208768
Last Updated: 03/20/2021
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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