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21807 N 37th Street Phoenix, AZ 85050

5 Beds 5 Baths 3,919 sqft Built 2007

$925,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $236.03
  • 6 Days on Market
  • MLS # : 6174109
  • Updated Date : 12/29/2020 at 16:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,919 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful home in desired Desert Ridge location. This rare ''Euphrates'' model is situated on an exclusive private lot (over 10000 sq ft) with open view fencing. The grand entry opens to a formal dining room and living room which features the hallmark of this home; a stunning dual-sided see through gas fireplace. Upgraded chair railing and crown molding run throughout, while warm paint colors complete the custom look. The stately wrought iron staircase leads to a gracious and tranquil master retreat which opens onto the upstairs loft space. Huge kitchen with upgraded GE Monogram gas stove, electric built in oven, microwave, and GE Monogram built in refrigerator. Granite countertops, with kitchen Island, and butlers pantry,Mud room, and lots of storage. Large 4 car garage.

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
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$3,413
Property Tax -$583
Property Insurance -$104
HOA -$159
Property Management Fees -$99
CASH FLOW
-$457

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.

$925,000

PROJECTED PRICE

$3,900

PROJECTED RENT

0.42%

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$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$25,405

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,880

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,4503$3,8504$3,9005$4,395
$4,395
RENT COMPS ANALYSIS
  • 21807 N 37th Street Phoenix, AZ 1
    • 5 beds 5 baths ∙ 3,919 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,919 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3993 E Hummingbird Lane Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.91
    •  
  • 3962 E Morning Dove Trail Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.02
    •  
  • 3781 E Ringtail Way Phoenix, AZ 4
    • 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
    •  
  • 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
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Roseanne Finocchiaro
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174109
Last Updated: 12/29/2020
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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