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

31631 N 20th Avenue Phoenix, AZ 85085

4 Beds 3 Baths 3,197 sqft Built 2005

$749,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $234.56
  • 3 Days on Market
  • MLS # : 6192233
  • Updated Date : 02/26/2021 at 18:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Popular Toll Brothers floor plan - 3,197 sqft, 4 bed, 2.5 bath w/pool on private view lot located in the sought-after N. Phoenix gated community of Sonoran Foothills. Save HUNDREDS $$ per month with the fixed Solar Lease payment of $185! Recently remodeled (by previous owners), this gorgeous move-in ready home feat. white cabinets (48'' uppers in kitchen), granite counters, SS appliances, 6-burner gas cooktop, dbl ovens & split floor plan. Complete HVAC system replaced in 2017, along w/tankless water heater,recent paint inside & out, has plantation shutters, neutral travertine flooring, plus built-in desk in Tech Niche. Minutes to K-8 School, Fry's & I-17. Friendly community has pool, splash pad, parks, basketball, volleyball, tennis. Close to hiking & biking trails

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k546k

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

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342561

* 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
Barry Goldwater High School High Regular 1,856 88 4

Barry Goldwater High School

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

$674,910$824,890$749,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,605
Property Tax -$449
Property Insurance -$89
HOA -$60
Property Management Fees -$99
CASH FLOW
-$902

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.

$749,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$427

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
  • $2,262

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,2454$2,2955$2,600
$2,600
RENT COMPS ANALYSIS
  • 31631 N 20th Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,197 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,197 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2313 W Forest Pleasant Place Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.67
    •  
  • 33510 N 25th Avenue Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.69
    •  
  • 33211 N 24th Drive Phoenix, AZ 4
    • 5 beds 3 baths ∙ 3,333 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,333 Sqft ∙ Built 2005
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.69
    •  
  • 32628 N 24th Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Spero Pagos
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192233
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy