Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

20714 N 38th Street Phoenix, AZ 85050

4 Beds 3 Baths 2,041 sqft Built 2000

$460,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $225.38
  • 4 Days on Market
  • MLS # : 6211958
  • Updated Date : 03/25/2021 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,041 sqft
  • Baths : 2 full , 1 half
Listing Agent

Natl Asset Management Network

Listing Agent's Description

Beautiful home in Desert Ridge area. All downstairs has 20'' ceramic tile. Vaulted ceilings including upstairs bedrooms. . Open kitchen to Family Room with island and lots of cabinets & new stainless steel appliances. The park-like back yard has pool & spa and built-in BBQ.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wildcat Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k360k

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

Neighborhood: Wildcat Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342011

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

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

$414,000$506,000$460,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,598
Property Tax -$290
Property Insurance -$67
HOA -$16
Property Management Fees -$99
CASH FLOW
$381

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.

$460,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$64,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,730

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,4503$2,5254$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 20714 N 38th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.20
    •  
  • 21156 N 36th Place Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2010
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.22
    •  
  • 21249 N 36th Place Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2012
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,525
    • $1.35
    •  
  • 3666 E Zachary Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2011
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
  • 21244 N 36th Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2012
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
PROPERTY LISTING DETAILS
Suzanne K Hermann
Natl Asset Management Network
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211958
Last Updated: 03/25/2021
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.

BESbswy