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

32022 N 20th Lane Phoenix, AZ 85085

4 Beds 4 Baths 4,470 sqft Built 2006

$875,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $195.75
  • 123 Days on Market
  • MLS # : 6086959
  • Updated Date : 10/30/2020 at 12:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,470 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

VIDEO NOW UPLOADED. There are not enough words to express the thought and detail that went into this beautiful home, with $300k in upgrades there was nothing spared. A chefs dream gourmet kitchen with high end Wolf appliances, 32'' Subzero Fridge & Freezer, full length wine fridge and walk in pantry. An entire room was converted to the master closet out of a fantasy, equipped with a HIDDEN safety room. The backyard is an oasis, with a full gourmet outdoor kitchen equipped with all stainless steel appliances (oven, grill, fryers, warming drawers). All gas fire pits illuminate the pool and spa. A charming pool house built adjacent to the pool perfect for game nights. There is so much more to this home that has to be seen in person.

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
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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$3,228
Property Tax -$524
Property Insurance -$114
HOA -$58
Property Management Fees -$99
CASH FLOW
-$1,174

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.

$875,000

PROJECTED PRICE

$2,850

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $3,107

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$3,400
$3,400
RENT COMPS ANALYSIS
  • 32022 N 20th Lane Phoenix, AZ 2
    • 4 beds 4 baths ∙ 4,470 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,470 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.64
    •  
  • 2433 W Horsetail Trail Phoenix, AZ 1
    • 5 beds 4 baths ∙ 4,402 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,402 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.64
    •  
  • 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
Tanya Toliver
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6086959
Last Updated: 10/30/2020
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.

BESbswy