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2931 N 39th Drive Phoenix, AZ 85019

6 Beds 3 Baths 2,160 sqft Built 1958

$275,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $127.31
  • 2 Days on Market
  • MLS # : 6178990
  • Updated Date : 01/09/2021 at 17:39
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome Home! This beautifully renovated 6 bedroom, 2.5 bathroom home boasts a spacious layout, tile floor throughout, fully renovated bathrooms, and a gorgeous kitchen with granite countertops. The kitchen is open to the family room to allow for a great room feel, including a fireplace for those cold winter nights. If entertaining is your thing, you will love the formal living and dining room. All this, and a great location too; Just minutes from shopping and grocery stores! Don't miss out on this wonderful opportunity to call this house your home!

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PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Pueblo Del Sol School Primary Regular 1,113 50 2
Pueblo Del Sol School Middle Regular 1,113 50 2
Alhambra High School High Regular 2,770 139 3

Pueblo Del Sol School

  • Education Level: Primary
  • # of students: 1,113
  • # of teachers: 50
2
GreatSchools Rating

Pueblo Del Sol School

  • Education Level: Middle
  • # of students: 1,113
  • # of teachers: 50
2
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$955
Property Tax -$149
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$728

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.

$275,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

16.42

YEARS SAVED

$75,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,592

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,400
$2,400
RENT COMPS ANALYSIS
  • 2931 N 39th Drive Phoenix, AZ 1
    • 6 beds 3 baths ∙ 2,160 Sqft ∙ Built 1958 6 beds 3 baths ∙ 2,160 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
  • 2402 W Mulberry Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 1,993 Sqft ∙ Built 1956 5 beds 3 baths ∙ 1,993 Sqft ∙ Built 1956
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.20
    •  
PROPERTY LISTING DETAILS
Alexander Rodenburg
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178990
Last Updated: 01/09/2021
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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