Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2732 N 21st Drive Phoenix, AZ 85009

4 Beds 3 Baths 2,166 sqft Built 1954

$482,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $222.53
  • 4 Days on Market
  • MLS # : 6159067
  • Updated Date : 11/21/2020 at 12:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,166 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Fantastic opportunity just minutes from Encanto golf course and Downtown Phoenix. This home is set up for entertaining on a HUGE 12,000+ sqft lot with a sparkling diving POOL, lush landscaping, and mature shade trees. Upgrades include brand NEW ROOF, dual pane windows, and powered patio awning. Split floor plan with formal dining area, breakfast nook, charming built-ins, and gas fireplace. Schedule a private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $83k346k

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

Neighborhood: Greenway Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Heard School Primary Regular 661 33 2
Heard School Middle Regular 661 33 2
Central High School High Regular 2,251 136 3

Heard School

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 33
2
GreatSchools Rating

Heard School

  • Education Level: Middle
  • # of students: 661
  • # of teachers: 33
2
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$433,800$530,200$482,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,778
Property Tax -$257
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$494

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.

$482,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,480

INVESTMENT

$133,480

Down Payment
$120,500
Rehab Estimate
$5,750
Closing Costs
$7,230

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,500
Loan Amount $361,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,951

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
  • $2,106

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,9504$1,9655$1,995
$1,995
RENT COMPS ANALYSIS
  • 2732 N 21st Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1954 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1629 W Fairmount Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1950
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 1905 W Cambridge Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1955
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 2239 W Earll Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 1954
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.98
    •  
  • 1808 W Thomas Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1947 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1947
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
PROPERTY LISTING DETAILS
Christopher Robert Cowen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159067
Last Updated: 11/21/2020
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.

BESbswy