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22009 N 29th Drive Phoenix, AZ 85027

3 Beds 3 Baths 1,674 sqft Built 2000

$325,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $194.15
  • 1 Days on Market
  • MLS # : 6263615
  • Updated Date : 07/13/2021 at 18:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,674 sqft
  • Baths : 2 full , 1 half
Listing Agent

Advantage Arizona, R.e.

Listing Agent's Description

SPACIOUS THREE BEDROOM, TWO AND A HALF BATH...FRESHLY PAINTED INTERIOR...NEW STAINLESS STEEL APPLAINCES AND NEW CARPET AND VINYL IN BATHROOMS AND LAUNDRY!!! TILE IN KITCHEN AND DINING AREA! HALF BATH DOWNSTAIRS...BEDROOMS UPSTAIRS....VAULTED AND NINE FOOT CEILINGS....LOFT...DINING IN LARGE EAT-IN KITCHEN WITH BAR...CEILING FANS....EZ CARE YARD! REAL GREEN GRASS! .GREAT LOCATION NORTH CENTRAL PHOENIX....EASY ACCESS TO I-17 AND LOOP 101!!

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PRICE & RENT TRENDS

Neighborhood: Adobe Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Adobe Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7481567

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,129
Property Tax -$195
Property Insurance -$60
HOA -$75
Property Management Fees -$99
CASH FLOW
-$27

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.

$325,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,771

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
  • $1,670

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5954$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 22009 N 29th Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3559 W Via Del Sol Drive Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 21842 N 31st Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 3013 W Country Club Terrace Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1994
    property image
    LEASED 04/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 22010 N 29th Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2002
    property image
    LEASED 02/19/22
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Billye J Simmons
Advantage Arizona, R.e.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263615
Last Updated: 07/13/2021
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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