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21935 N 30th Street Phoenix, AZ 85050

4 Beds 4 Baths 2,840 sqft Built 2019

$795,000

List Price

$3,540

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $279.93
  • 1 Days on Market
  • MLS # : 6191035
  • Updated Date : 02/07/2021 at 00:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,840 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

4 bedrooms plus an office! An en suite downstairs with the office and half bath. This home has almost every upgrade possible. Kitchen Aide appliances, double ovens, walk in pantry, twilight finished stacked cabinets, full marble quartz backsplash and huge center kitchen island. Master has an oversized walk-in shower, custom barn door and mountain views. Loft includes projector wiring for movie night. Premium corner lot with just 1 neighbor and backs open wash. Beautiful rear yard with turf, putting green and gas fire-pit. Walk to the Sky Crossing Community Center and parks.

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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$715,500$874,500$795,000

PURCHASE PRICE

$3,186$3,894$3,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,540
EXPENSES Loan Payment -$2,761
Property Tax -$501
Property Insurance -$83
HOA -$112
Property Management Fees -$99
CASH FLOW
-$16

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.

$795,000

PROJECTED PRICE

$3,540

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$42,734

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
  • $3,486

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,4004$3,4955$3,500
$3,500
RENT COMPS ANALYSIS
  • 21935 N 30th Street Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22007 N 36th Street Phoenix, AZ 2
    • 3 beds 4 baths ∙ 2,856 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,856 Sqft ∙ Built 2006
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.17
    •  
  • 3538 E Robin Lane Phoenix, AZ 3
    • 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2006
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 22110 N 36th Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,790 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,790 Sqft ∙ Built 2007
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.25
    •  
  • 3653 E Sands Drive Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,751 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,751 Sqft ∙ Built 2008
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Trudy G Moore
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191035
Last Updated: 02/07/2021
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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