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20211 N 31st Street Phoenix, AZ 85050

3 Beds 2 Baths 1,310 sqft Built 1998

$325,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $248.09
  • 3 Days on Market
  • MLS # : 6193527
  • Updated Date : 02/13/2021 at 16:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,310 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Make this beautiful home located in the Moonlight Shadows community your own! This single story home is move-in ready with vaulted ceilings, beautiful flooring an updated bathrooms. Appreciate a kitchen that will delight any chef with its sleek, stainless appliances, updated cabinetry and reverse osmosis water filtration system. The generous master suite affords a private sanctuary with ensuite bath and private access to the backyard. Generous secondary bedrooms and an additional bathroom ensures your guests every comfort. Enjoy the backyard with artificial turf and picture other possibilities to create the yard of your dreams! Centrally located, this home benefits from a short commute to major freeways, schools, shopping and restaurants! See this beauty today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,129
Property Tax -$205
Property Insurance -$53
HOA -$60
Property Management Fees -$99
CASH FLOW
-$75

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.

$325,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$12,131

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
  • $1,480

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5254$1,5455$1,620
$1,620
RENT COMPS ANALYSIS
  • 20211 N 31st Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3150 E Beardsley Road #1045 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2003
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
  • 3150 E Beardsley Road #1101 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2001
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.11
    •  
  • 3150 E Beardsley Road #1070 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,372 Sqft ∙ Built 2002
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.13
    •  
  • 3150 E Beardsley Road #1108 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,361 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,361 Sqft ∙ Built 2001
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.19
    •  
PROPERTY LISTING DETAILS
Richard F Barker
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193527
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.

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