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22125 N 29th Avenue #139 Phoenix, AZ 85027

3 Beds 3 Baths 1,772 sqft Built 2008

$315,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $177.77
  • 1 Days on Market
  • MLS # : 6203792
  • Updated Date : 03/07/2021 at 01:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,772 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Amazing Townhome tucked back into a quiet community. This home features an open floor concept in the Kitchen and Great Room. SO much space with a 2 car garage and a ton of storage. Private Master bed on bottom floor with en-suite bath and walk in closet. Third level has a loft, full bath and 2 spacious bedrooms. Tons of light pouring in the living spaces. Interior features include Vinyl Plank floors, carpet in the beds and the Stairway. Granite Countertops, Alder Cabinets, Ceiling fans, Faux Wood Window Treatments, and 2 Private Balconies one with Mtn Views. Great location close to schools and shopping, and easy access to both the 101 and I17 Freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Berkana on Adobe Mountain Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $82k358k

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

Neighborhood: Berkana on Adobe Mountain Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600170018001900Rent in $6721981

* 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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,094
Property Tax -$253
Property Insurance -$62
HOA -$198
Property Management Fees -$99
CASH FLOW
-$266

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.

$315,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,697

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5153$1,5954$1,5955$1,800
$1,800
RENT COMPS ANALYSIS
  • 22125 N 29th Avenue #139 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.81
    •  
  • 22227 N 29th Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.97
    •  
  • 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
    •  
  • 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
    LEASED 02/19/22
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Caitlin Bronsky
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203792
Last Updated: 03/07/2021
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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