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22456 N 52nd Place Phoenix, AZ 85054

2 Beds 3 Baths 1,733 sqft Built 1998

$470,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $271.21
  • 3 Days on Market
  • MLS # : 6170500
  • Updated Date : 12/11/2020 at 16:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,733 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Highly Sought after GOLF COURSE LOT HOME in DESERT RIDGE COMMUNITY-2 Bedrooms+ Den/ Office-2.5 Baths-Vaulted Ceilings-Large Kitchen w/Island-Breakfast Nook w/Bay Window-Granite Counters-All New LG SS Appliances-Refrigerator-Stove/Oven-Microwave-Dishwasher-Resort Like Backyard overlooks 2 Fairways on Wildfire Golf Course-Pebble Tech Pool+mountain views-Large Family Room w/Gas Fireplace opens to a covered patio-Master Suite also has a covered patio overlooking the pool-Easy care Front and Back Yard Desert Landscaping-Desert Ridge Marketplace-J W Marriott Resort and the 101 freeway are close by-A RARE FIND ON THE GOLF COURSE IN THIS OUTSTANDING DESERT RIDGE COMMUNITY-This opportunity won't be available very long-Come see for yourself.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Desert Trails Elementary School Primary Regular 525 33 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Desert Trails Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 33
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
 

$423,000$517,000$470,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,734
Property Tax -$344
Property Insurance -$61
HOA -$6
Property Management Fees -$99
CASH FLOW
-$34

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.

$470,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$29,046

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
  • $2,210

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,0954$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 22456 N 52nd Place Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,733 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,733 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21320 N 56th Street #2167 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2008
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.21
    •  
  • 5450 E Deer Valley Drive #1018 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 2008
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.33
    •  
  • 21320 N 56th Street N #2190 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2008
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.21
    •  
  • 21320 N 56th Street #2014 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2007
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.35
    •  
PROPERTY LISTING DETAILS
Keith Lasch
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170500
Last Updated: 12/11/2020
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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