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21816 N 32nd Avenue Phoenix, AZ 85027

4 Beds 2 Baths 1,626 sqft Built 1997

$330,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $202.95
  • 6 Days on Market
  • MLS # : 6191919
  • Updated Date : 02/11/2021 at 16:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,626 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Come check out this single level 4 bedroom 2 bath home! Large family room floor plan with a spacious eat-in kitchen! The master bedroom has an en-suite bathroom and walk-in closet. This home also features dramatic Vaulted Ceilings throughout and a unique pass through bathroom. Enjoy the backyard with a covered patio and your very own private pool. Don't miss out on this one! Book your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terracina

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Terracina

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7521567

* 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
Barry Goldwater High School High Regular 1,856 88 4

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,146
Property Tax -$198
Property Insurance -$59
HOA -$26
Property Management Fees -$99
CASH FLOW
$12

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.

$330,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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$16k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,969

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5403$1,5954$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 21816 N 32nd Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.95
    •  
  • 3559 W Via Del Sol Drive Glendale, AZ 1
    • 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
    •  
  • 22051 N 30th Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 2001
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 21842 N 31st Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 3447 W Via Montoya Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1998
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
PROPERTY LISTING DETAILS
James Patrick Sanson
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191919
Last Updated: 02/11/2021
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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