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22404 N 39th Terrace Phoenix, AZ 85050

4 Beds 3 Baths 3,539 sqft Built 2004

$675,000

List Price

$3,560

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $190.73
  • 3 Days on Market
  • MLS # : 6181431
  • Updated Date : 01/16/2021 at 14:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,539 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

You'll love this welcoming, well cared for Tuscan Style home in the sought-after master planned community of Aviano at Desert Ridge. Pride in ownership is conveyed throughout the home! A Toll Brothers built 4bd/2.5ba with den and loft features new interior paint, upgraded shutters throughout, travertine flooring downstairs and wood/carpet upstairs, interior gas fireplace, recessed lighting. Large kitchen features upgraded staggered cabinetry, gas stove, island, granite countertops and eat in kitchen. Master bedroom has a spacious sitting area and large walk in closet. Master bathroom is expansive and contains separate vanities with large soaking tub and walk in tiled shower. Private, paved courtyard will be an entertainer's delight with two separate vantage points for easy access and a

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9343911

* 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
Wildfire Elementary School Primary Regular 712 35 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Wildfire Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 35
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

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

$607,500$742,500$675,000

PURCHASE PRICE

$3,204$3,916$3,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,560
EXPENSES Loan Payment -$2,345
Property Tax -$434
Property Insurance -$96
HOA -$220
Property Management Fees -$99
CASH FLOW
$366

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$675,000

PROJECTED PRICE

$3,560

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$67,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,560

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $3,716

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,5603$3,6004$3,6005$3,750
$3,750
RENT COMPS ANALYSIS
  • 22404 N 39th Terrace Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,539 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,539 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,560
    • $1.01
    •  
  • 22809 N 39th Run Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,414 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,414 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.02
    •  
  • 22611 N 39th Terrace Phoenix, AZ 3
    • 3 beds 3 baths ∙ 3,339 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,339 Sqft ∙ Built 2006
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.08
    •  
  • 3665 E Maffeo Road Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.04
    •  
  • 22413 N 39th Terrace Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.06
    •  
PROPERTY LISTING DETAILS
Elizabeth Lovesy
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181431
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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