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29521 N 21st Drive Phoenix, AZ 85085

4 Beds 3 Baths 4,204 sqft Built 2006

$575,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $136.77
  • 4 Days on Market
  • MLS # : 6174304
  • Updated Date : 12/23/2020 at 19:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,204 sqft
  • Baths : 2 full , 1 half
Listing Agent

Success Property Brokers

Listing Agent's Description

Beautiful 4204sf, 4 bedroom 2.5 bath home with Den/office plus 3 car garage nestled in Dynamite Mountain Ranch. Large front entry double doors opens to stunning winding staircase surrounded by large formal living room and and dining room. All complimented by beautiful oversized windows. Open concept kitchen with gas range, granite countertops, tile backsplash, endless cabinet space, large island with 2nd sink, huge walk in pantry and large breakfast nook. Staircase leads to oversized loft perfect for a pool table/game room! Master suite with large master bath boasts glass block and travertine tile shower, two separate sink areas, soaker tub and a massive walk in closet (as well as large secondary walk in closet). Split floorpan upstairs with 3 large bedrooms all with walk in closets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Sonoran Foothills School Primary Regular NA
Sonoran Foothills School Middle Regular NA
Barry Goldwater High School High Regular 1,856 88 4

Sonoran Foothills School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sonoran Foothills School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,122
Property Tax -$344
Property Insurance -$109
HOA -$15
Property Management Fees -$99
CASH FLOW
$81

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.

$575,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$48,071

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
  • $3,132

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3003$3,400
$3,400
RENT COMPS ANALYSIS
  • 29521 N 21st Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 4,204 Sqft ∙ Built 2006 4 beds 3 baths ∙ 4,204 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2014 W Quail Track Drive Phoenix, AZ 2
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2008
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.74
    •  
  • 32005 N 16th Avenue Phoenix, AZ 3
    • 5 beds 4 baths ∙ 4,538 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,538 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.75
    •  
PROPERTY LISTING DETAILS
Larry Crider
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174304
Last Updated: 12/23/2020
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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