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20625 N 8th Street Phoenix, AZ 85024

5 Beds 2 Baths 2,092 sqft Built 1998

$445,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $212.72
  • 6 Days on Market
  • MLS # : 6155966
  • Updated Date : 11/18/2020 at 14:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,092 sqft
  • Baths : 2 full
Listing Agent

Sturgis Realty

Listing Agent's Description

Beautiful 5br, 2Bath home in desirable N Phoenix area. Great floorplan, being renovated, new cabinets, counters, new appliances and flooring, newly painted exterior and interior! 1/4 lot, huge park-like backyard with ample room for pool and outdoor entertaining! Seller is licensed real estate broker in Arizona.(Home also listed under business opportunity for assisted living and is licensed for 8 directed care with the state for buyers looking for property for their assisted living business.)

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PRICE & RENT TRENDS

Neighborhood: Arroyo Rojo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Arroyo Rojo

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
Esperanza Elementary School Primary Regular 566 40 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Esperanza Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 40
5
GreatSchools Rating

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
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,642
Property Tax -$266
Property Insurance -$68
HOA -$39
Property Management Fees -$99
CASH FLOW
-$234

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.

$445,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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-$5.0k$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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$12,084

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,024

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8803$2,0504$2,1955$2,295
$2,295
RENT COMPS ANALYSIS
  • 20625 N 8th Street Phoenix, AZ 2
    • 5 beds 2 baths ∙ 2,092 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,092 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.90
    •  
  • 1007 E Mohawk Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2000
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 1127 E Mohawk Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1999
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 918 E Topeka Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 1985
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.02
    •  
  • 1726 E Ross Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 1997
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.95
    •  
PROPERTY LISTING DETAILS
Donna Sturgis
Sturgis Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155966
Last Updated: 11/18/2020
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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