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21530 N 37th Street Phoenix, AZ 85050

6 Beds 5 Baths 4,302 sqft Built 2007

$890,000

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $206.88
  • 3 Days on Market
  • MLS # : 6164569
  • Updated Date : 12/04/2020 at 14:37
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,302 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

A must-see 4,302 square foot family home featuring 5 bedrooms (the primary bedroom is located on the first floor), a den, 3.5 baths in the main house plus a casita with a full bath and a 4-car garage located in Fireside of Desert Ridge. Upon arrival, a gorgeous courtyard welcomes you with travertine pavers and an intricate metal door. The spacious family room features a custom-built entertainment center, 24 foot ceilings and a gas fireplace. The kitchen is an entertainer's delight with a large island, gas cook top with range hood, stainless steel appliances, and finely crafted cabinets. The sophisticated decor of the dining room includes a stunning metal chandelier creating an elegant dining environment. The palatial primary bedroom has carpet flooring, his-and-her closets with plentiful

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fireside

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Fireside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342898

* 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
Fireside Elementary School Primary Regular 763 38 NA
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Fireside Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 38
NA
GreatSchools Rating

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
 

$801,000$979,000$890,000

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$3,284
Property Tax -$568
Property Insurance -$111
HOA -$157
Property Management Fees -$99
CASH FLOW
-$179

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.

$890,000

PROJECTED PRICE

$4,040

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$43,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $4,259

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,9002$4,0403$4,2504$4,395
$4,395
RENT COMPS ANALYSIS
  • 21530 N 37th Street Phoenix, AZ 2
    • 6 beds 5 baths ∙ 4,302 Sqft ∙ Built 2007 6 beds 5 baths ∙ 4,302 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $0.94
    •  
  • 3781 E Ringtail Way Phoenix, AZ 1
    • 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.99
    •  
  • 3124 E Half Hitch Place Phoenix, AZ 3
    • 5 beds 4 baths ∙ 4,501 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,501 Sqft ∙ Built 2014
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $0.94
    •  
  • 21909 N 37th Terrace Phoenix, AZ 4
    • 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Attila Juhasz
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164569
Last Updated: 12/04/2020
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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