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22423 N 19th Way Phoenix, AZ 85024

3 Beds 3 Baths 1,894 sqft Built 2000

$380,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $200.63
  • 3 Days on Market
  • MLS # : 6167459
  • Updated Date : 12/03/2020 at 18:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full , 1 half
Listing Agent

Glass House International

Listing Agent's Description

Light and bright living in this DR Horton loft-style home. This home features custom built-ins, open dining area to kitchen and family room, and great outdoor entertaining. Don't forget location! Easy walk to Boulder Creek Elementary and Mountain Trail Middle School, quick access to Desert Ridge shopping and very conveniently located to the 51 and 101 interchange. Now is the time!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Court

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Mountain Court

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8911981

* 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
Boulder Creek Elementary School Primary Regular 711 37 9
Boulder Creek Elementary School Middle Regular 711 37 9
Pinnacle High School High Regular 2,443 96 8

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Boulder Creek Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Pinnacle High School

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

$342,000$418,000$380,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,402
Property Tax -$239
Property Insurance -$64
HOA -$14
Property Management Fees -$99
CASH FLOW
$31

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.

$380,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$29,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,027

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0253$2,1504$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 22423 N 19th Way Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 2163 E Vista Bonita Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1999
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.00
    •  
  • 22815 N 21st Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 1997
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.09
    •  
  • 23203 N 23rd Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1998
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 2134 E Daley Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,050 Sqft ∙ Built 1997
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.10
    •  
PROPERTY LISTING DETAILS
Kelly Underhill
Glass House International
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167459
Last Updated: 12/03/2020
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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