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20413 N 28th Street Phoenix, AZ 85050

4 Beds 3 Baths 2,096 sqft Built 1993

$399,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $190.36
  • 5 Days on Market
  • MLS # : 6153747
  • Updated Date : 11/01/2020 at 12:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,096 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

BEAUTIFUL Tri-Level 4 Bedroom, 2.75 Bath Home on an OVERSIZED Professionally Landscaped Lot in a Desired Cul-de-Sac! Elegant Living Rm & Formal Dining Rm with Soaring Vaulted Ceilings. Large Sunny Eat-in Kitchen w/ Bay Window, Newer Appliances, Breakfast Bar & Pantry. Step down to the Cozy Family Rm, perfect for Entertaining! One Bedroom & Full Bath downstairs-- great mother-in-law set-up. Spacious Master Bdrm Suite upstairs w/Full Master Bath, Dual Sinks, Sep. Tub & Shower & Large Walk-in Closet + 2 Add'l Bdrms. Outside is a Lovely, Shady, Extended 44x12 '' Patio & Yard adorned w/Large Shade Trees, Lush Desert Plants & Bushes. Oversized Garage+ RV Gate & Parking, Water Heater & A/C just 2 yrs old. Neutral, tasteful decor throughout this LOVELY HOME! Near Freeway & Great Schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Autumn Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Autumn Hills

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
Sunset Canyon School Primary Regular 492 27 7
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Sunset Canyon School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 27
7
GreatSchools Rating

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,472
Property Tax -$251
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$20

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.

$399,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$29,701

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
  • $1,949

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,9954$1,9985$2,100
$2,100
RENT COMPS ANALYSIS
  • 20413 N 28th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2546 E Taro Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 20403 N 31st Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2000
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 19226 N Cave Creek Road #112 Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,170 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,170 Sqft ∙ Built 2008
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,998
    • $0.92
    •  
  • 20406 N 30th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1992
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Sylvia Mcdowell
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153747
Last Updated: 11/01/2020
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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