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21709 N 37th Street Phoenix, AZ 85050

5 Beds 5 Baths 3,919 sqft Built 2007

$960,000

List Price

$4,140

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $244.96
  • 3 Days on Market
  • MLS # : 6198669
  • Updated Date : 02/26/2021 at 16:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,919 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Fireside at Desert Ridge- Immaculate, Spacious and Recently Renovated 5bdrm,4.5baths,4 car garage with pool & spa. Beautifully appointed home with high end features throughout, circular entryway with tile mosaic. Open floor plan offering great ceiling height, wood flooring and custom millwork at main level, NEW tiled surround double fireplace showcased in family and living room. Huge kitchen with island, tons of cabinets, SS 48inch KitchenAid built in refrigerator, SS Bosch dishwasher, double ovens, gas cooktop & convection oven/microwave. Butler's pantry leads to the dining room. Guest suite off kitchen with renovated bath and slider to fantastic backyard. Renovated Bonus room downstairs perfect for office or playroom.

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
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
 

$864,000$1,056,000$960,000

PURCHASE PRICE

$3,726$4,554$4,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,140
EXPENSES Loan Payment -$3,334
Property Tax -$605
Property Insurance -$104
HOA -$157
Property Management Fees -$99
CASH FLOW
-$159

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.

$960,000

PROJECTED PRICE

$4,140

PROJECTED RENT

0.43%

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$2.5M

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$260,150

INVESTMENT

$260,150

Down Payment
$240,000
Rehab Estimate
$5,750
Closing Costs
$14,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,334

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $240,000
Loan Amount $720,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$40,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,140

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $3,880

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,8503$3,9004$4,1405$4,395
$4,395
RENT COMPS ANALYSIS
  • 21709 N 37th Street Phoenix, AZ 4
    • 5 beds 5 baths ∙ 3,919 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,919 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,140
    • $1.06
    •  
  • 3993 E Hummingbird Lane Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.91
    •  
  • 3962 E Morning Dove Trail Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.02
    •  
  • 3781 E Ringtail Way Phoenix, AZ 3
    • 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.99
    •  
  • 21909 N 37th Terrace Phoenix, AZ 5
    • 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Nicole Whitaker
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198669
Last Updated: 02/26/2021
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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