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21006 N 34th Drive Phoenix, AZ 85027

3 Beds 2 Baths 1,309 sqft Built 1985

$310,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $236.82
  • 2 Days on Market
  • MLS # : 6170735
  • Updated Date : 12/12/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,309 sqft
  • Baths : 2 full
Listing Agent

Apartment & Home Solutions

Listing Agent's Description

This home is located in a quiet north Phoenix neighborhood with convenient access to Loop 101 and I17. This home offers surround sound wiring thru-out home, garage and patio. . Plenty of cherry wood cabinets in the kitchen with granite counter tops, and stainless steel appliances. Backyard built-in BBQ, fire pit and 3 patio ceiling fans. You'll love the the storage space in the oversized shed. The home has vaulted ceilings, a spacious kitchen and a nice floor plan as well. Plus solar panels to cut electric costs. The seller is open to a 60 day close.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Deer Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6671567

* 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
Paseo Hills School Primary Regular 959 56 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Paseo Hills School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 56
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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,144
Property Tax -$186
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$71

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.

$310,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3553$1,3904$1,4105$1,495
$1,495
RENT COMPS ANALYSIS
  • 21006 N 34th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.08
    •  
  • 3802 W Irma Lane Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1984
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
  • 3047 W Zachary Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,355
    • $1.00
    •  
  • 21649 N 30th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.96
    •  
  • 3559 W Via Del Sol Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
PROPERTY LISTING DETAILS
Mari Bianca Lauderdale
Apartment & Home Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170735
Last Updated: 12/12/2020
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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