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22018 N 32nd Avenue Phoenix, AZ 85027

4 Beds 2 Baths 1,626 sqft Built 1997

$325,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $199.88
  • 4 Days on Market
  • MLS # : 6167412
  • Updated Date : 12/04/2020 at 11:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,626 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

WOW! This 4 bed and 2 bath home in a great Phoenix neighborhood has come to market! Step inside to a large open living/family room with space to entertain or just relax and catch a movie. The vaulted ceilings make this home feel so spacious and open.The beautiful tile floor makes for easy clean up to boot! The kitchen is a dream with SS appliances, quartz counters undermount sink. Connected to the kitchen is a wonderful dining area with tons of natural light. The master bedroom is huge with a big walk in closet. The backyard is gigantic and full of potential. Plenty of area to run around and play with the kids or maybe even start a garden! This home is located in a cul de sac and has a larger lot than many of the similar homes in the area. Don't miss this gorgeous home!

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
Paseo Hills School Primary Regular 959 56 5
Paseo Hills School Middle Regular 959 56 5
Barry Goldwater High School High Regular 1,856 88 4

Paseo Hills School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 56
5
GreatSchools Rating

Paseo Hills School

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 56
5
GreatSchools Rating

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

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,199
Property Tax -$195
Property Insurance -$59
HOA -$23
Property Management Fees -$99
CASH FLOW
-$155

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

$1,420

PROJECTED RENT

0.44%

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

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,622

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,5503$1,5954$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 22018 N 32nd Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.87
    •  
  • 3138 W Williams Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1994
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 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
    property image
    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
    property image
    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
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
PROPERTY LISTING DETAILS
Michael Harris
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167412
Last Updated: 12/04/2020
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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