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31804 N 19th Avenue Phoenix, AZ 85085

4 Beds 4 Baths 3,402 sqft Built 2003

$800,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $235.16
  • 2 Days on Market
  • MLS # : 6206073
  • Updated Date : 03/20/2021 at 15:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,402 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Gently lived in Toll Brothers home, originally the builder's model, is HIGHLY UPGRADED and still shows LIKE NEW! This gorgeous one-of-a-kind, move-in ready home has a heated pool, 3-car split garage and features an upgraded gourmet kitchen with 42'' cabinets, gas cook top, double wall ovens & HUGE walk-in pantry. There's custom built-in cabinetry in family rm, living rm, bonus rm (w/desks), and 4th bedroom (as office) and you'll love the expansive owners' suite w/coffered ceiling & luxurious master bath. Other features: soaring 12' ceilings, a bonus/game room adjacent to the secondary bedrooms providing additional space for pool table or playroom, central vacuum and so many more you have to see to appreciate. More info, photos and video tour coming soon!

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
 

$720,000$880,000$800,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,779
Property Tax -$479
Property Insurance -$93
HOA -$71
Property Management Fees -$99
CASH FLOW
-$881

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.

$800,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.33%

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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,100

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
  • $2,552

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,600
$2,600
RENT COMPS ANALYSIS
  • 31804 N 19th Avenue Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2421 W Night Owl Lane Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
  • 32628 N 24th Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004
    property image
    LEASED 03/05/21
    • 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 #: 6206073
Last Updated: 03/20/2021
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.

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