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20609 N 4th Avenue Phoenix, AZ 85027

4 Beds 2 Baths 1,855 sqft Built 1985

$369,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $199.41
  • 4 Days on Market
  • MLS # : 6195758
  • Updated Date : 02/18/2021 at 22:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,855 sqft
  • Baths : 2 full
Listing Agent

Epic Home Realty

Listing Agent's Description

Great curb appeal home w/new decorative stone front landscape & newer double front door. Beautifully updated home w/handsome tile floors throughout, new ceiling fans, newer 2nd A/C in kitchen/dining area, vaulted ceilings, & window blinds. Replacement windows that will swing open, new lighting in kitchen & master. Spacious open floor plan features a newer chef's kitchen w/granite counters, breakfast bar, SS appliances, pantry, & plenty of wood cabinets w/crown molding. Perfect home for entertaining inside & out. Generous size bedrooms, ample closets, & 2 pristine baths. Pride of Ownership is evident at every turn. An entertainer's dream backyard w/a lovely extended cobblestone patio, extended covered patio, electricity is available, & a sparkling fenced pool for the hot summer days. more

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Crescenta

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: La Crescenta

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7381567

* 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
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

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

$332,910$406,890$369,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,285
Property Tax -$221
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$1

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.

$369,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$22,808

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,795

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6704$1,6955$1,745
$1,745
RENT COMPS ANALYSIS
  • 20609 N 4th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.90
    •  
  • 420 W Sequoia Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 1344 W Wahalla Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 1326 W Escuda Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 20829 N 1st Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.94
    •  
PROPERTY LISTING DETAILS
Mary Aranki
Epic Home Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195758
Last Updated: 02/18/2021
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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