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22125 N 29th Avenue #155 Phoenix, AZ 85027

3 Beds 3 Baths 1,738 sqft Built 2020

$359,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $207.08
  • 2 Days on Market
  • MLS # : 6210053
  • Updated Date : 03/20/2021 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,738 sqft
  • Baths : 2 full , 1 half
Listing Agent

Morgan Taylor Realty

Listing Agent's Description

BRAND NEW CONSTRUCTION! Amazing Townhome tucked back into a quiet community. This home features the Master Suite on the main level, with an open floor concept in the Kitchen and Great Room. Interior features include Vinyl Plank floors throughout except on the Stairway, Granite Countertops, Shaker Style Cabinets, Stainless Steel Pulls, Stainless Steel Appliances, Ceiling fans, Faux Wood Window Treatments, and a Private Balcony. Premium Lot with Mountain Views. Great location close to schools and shopping, and easy access to both the 101 and I17 Freeway. Estimated for end of May 2021!

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,250
Property Tax -$253
Property Insurance -$61
HOA -$198
Property Management Fees -$99
CASH FLOW
-$461

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$359,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.39%

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) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,374

INVESTMENT

$97,374

Down Payment
$89,975
Rehab Estimate
$2,000
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$69

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
  • $1,595

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6954$1,7095$1,800
$1,800
RENT COMPS ANALYSIS
  • 22125 N 29th Avenue #155 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22051 N 30th Drive Phoenix, AZ 2
    • 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
    •  
  • 22043 N 30th Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2001
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 22507 N 31st Avenue #16 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,709
    • $0.88
    •  
  • 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
Niki Roberts
Morgan Taylor Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210053
Last Updated: 03/20/2021
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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