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19833 N 35th Street Phoenix, AZ 85050

3 Beds 2 Baths 1,602 sqft Built 1998

$365,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $227.84
  • 1 Days on Market
  • MLS # : 6157889
  • Updated Date : 11/07/2020 at 22:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

PRIVACY ABOUNDS IN THIS SINGLE LEVEL PULTE HOME. SINGLE STORIES ON BOTH SIDES AND NO HOMES BEHIND BECAUSE IT BACKS TO THE CANAL. THIS LIGHT, BRIGHT AND FLOWING OPEN FLOORPLAN IS READY FOR YOUR PERSONAL TOUCHES. TILE IN KITCHEN, HALLS AND BATHS. DESIREABLE MASTER SPLIT PLAN. DINING ROOM OR DEN COULD ALSO BE AN OFFICE OR CONVERTED TO 4TH BEDROOM. LARGE EAT-IN-KITCHEN FEATURES LOTS OF CABINET AND COUNTER SPACE PLUS A NICE SIZE PANTRY. STAINLESS APPLIANCES. KITCHEN OVERLOOKS LARGE GREAT ROOM WHICH OPENS TO BACKYARD WITH WONDERFUL PLAY POOL. JUST MINUTES FROM DESERT RIDGE AND EASY ACCESS TO BOTH THE 51 AND 101. THIS HOME IS BEING SOLD AS-IS AND IS READY FOR YOUR PERSONAL TOUCHES OF NEW PAINT AND CARPET. CHECK IT OUT TODAY.

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PRICE & RENT TRENDS

Neighborhood: Prelude at Paradise Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Prelude at Paradise Valley

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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

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

$328,500$401,500$365,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,347
Property Tax -$230
Property Insurance -$58
HOA -$12
Property Management Fees -$99
CASH FLOW
$84

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.

$365,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$33,804

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
  • $1.14

    LIST RENT PER SQFT
  • $1,838

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,8304$1,8955$1,925
$1,925
RENT COMPS ANALYSIS
  • 19833 N 35th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.14
    •  
  • 3351 E Hononegh Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1996
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.12
    •  
  • 3521 E Marco Polo Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1999
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.11
    •  
  • 19621 N 36th Street Phoenix, AZ 4
    • 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
    •  
  • 20221 N 33rd Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1996
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.29
    •  
PROPERTY LISTING DETAILS
Howard L Rudin
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157889
Last Updated: 11/07/2020
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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