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23521 N 25th Street Phoenix, AZ 85024

4 Beds 2 Baths 2,304 sqft Built 2007

$550,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $238.72
  • 7 Days on Market
  • MLS # : 6176815
  • Updated Date : 01/05/2021 at 01:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,304 sqft
  • Baths : 2 full
Listing Agent

Perkinson Properties Llc

Listing Agent's Description

LOOK NO FURTHER! Amazing home located in the highly desirable Paradise Valley School District. Perfectly situated in the convenient and popular Desert Peak community close to Desert Ridge, golf courses & freeways.Area offers some of the best dining, shopping and amenities. Close to the reach 11 Sport Complex, City North and loop 101.House has water softener with r/o system.Travertine pool deck, pavers at the patio.Roll out cabinets in kitchen.The community is spectacular with large open green belts, plenty of walking/biking trails and views of the mountains.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342452

* 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,910
Property Tax -$346
Property Insurance -$72
HOA -$18
Property Management Fees -$99
CASH FLOW
$74

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.

$550,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.8%
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$0.0$5.0k$10k$15k$20k$25k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$37,704

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
  • $2,333

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2004$2,4505$2,550
$2,550
RENT COMPS ANALYSIS
  • 23521 N 25th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2322 E Mine Creek Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
  • 2239 E Paraiso Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 1997
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 24106 N 25th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,469 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,469 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.99
    •  
  • 2858 E Shady Spring Trail Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2008
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jonathan A Venegas Munoz
Perkinson Properties Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176815
Last Updated: 01/05/2021
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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