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3134 N 20th Street Phoenix, AZ 85016

3 Beds 2 Baths 1,701 sqft Built 1957

$365,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $214.58
  • 3 Days on Market
  • MLS # : 6162795
  • Updated Date : 11/20/2020 at 20:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,701 sqft
  • Baths : 2 full
Listing Agent

Sound Realty

Listing Agent's Description

Come enjoy Phoenix living at its finest! Beautiful 3 bedroom 2 bathroom home with large grassy front yard. All tile, no carpet! New windows! Grapefruit & orange trees in the back with grape vines. Perfect office space! A lot of room for entertaining! Updated kitchen with granite, soft close cabinets, and stainless steel appliances. Refrigerator, washer, and dryer all come with! Come see this one quick; it won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Osborn Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k280k

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

Neighborhood: Osborn Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621569

* 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
Loma Linda Elementary School Primary Regular 718 36 4
Loma Linda Elementary School Middle Regular 718 36 4
North High School High Regular 2,616 128 5

Loma Linda Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 36
4
GreatSchools Rating

Loma Linda Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 36
4
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,347
Property Tax -$231
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$193

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.

$365,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$47,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,364

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$2,0003$2,1504$2,3005$2,499
$2,499
RENT COMPS ANALYSIS
  • 3134 N 20th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.13
    •  
  • 2647 E Whitton Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1952 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1952
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.32
    •  
  • 1636 E Whitton Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1950
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.23
    •  
  • 2533 E Flower Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1950
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.50
    •  
  • 1648 E Mitchell Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,655 Sqft ∙ Built 1952 4 beds 3 baths ∙ 1,655 Sqft ∙ Built 1952
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.51
    •  
PROPERTY LISTING DETAILS
Laura M Morby
Sound Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162795
Last Updated: 11/20/2020
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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