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21912 N 33rd Place Phoenix, AZ 85050

5 Beds 4 Baths 3,982 sqft Built 2019

$939,900

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $236.04
  • 4 Days on Market
  • MLS # : 6199026
  • Updated Date : 02/27/2021 at 14:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,982 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Rare opportunity to own a piece of paradise in the coveted Sky Crossing community. Premium East facing corner lot! Wonderful mountain views from all around the property. Just 16 months old, this home comes loaded w/ over $100k in builder upgrades. The backyard has been customized with a stunning Presidential pebble pool/water feature & artificial lawn. Custom 2'x4' tile flooring throughout the main level and designer touches all through the home. Huge kitchen opens to family area with 15 ft retractable glass door. Private courtyard has been fitted w/ pavers and a custom planter feature, making a perfect spot for happy hour with a few friends. Admire the sun rise over the McDowell's w/ your morning coffee from the upstairs covered patio. Under builders 2-10 warranty. No lottery-ready now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k417k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342582

* 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
 

$845,910$1,033,890$939,900

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$3,265
Property Tax -$592
Property Insurance -$105
HOA -$112
Property Management Fees -$99
CASH FLOW
-$222

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.

$939,900

PROJECTED PRICE

$3,950

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$254,824

INVESTMENT

$254,824

Down Payment
$234,975
Rehab Estimate
$5,750
Closing Costs
$14,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,265

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $234,975
Loan Amount $704,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$34,884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,942

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,8503$3,9004$3,9505$4,395
$4,395
RENT COMPS ANALYSIS
  • 21912 N 33rd Place Phoenix, AZ 4
    • 5 beds 4 baths ∙ 3,982 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,982 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.99
    •  
  • 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
    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
    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
    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
Jonathan Knutson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199026
Last Updated: 02/27/2021
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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