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37405 N 16th Street Unincorporated County, AZ 85086

5 Beds 5 Baths 3,687 sqft Built 2001

$775,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $210.20
  • 2 Days on Market
  • MLS # : 6187843
  • Updated Date : 01/30/2021 at 17:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,687 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Incredible 3687 sf, Territorial custom home on over an acre that offers a private 1000+ sf 1 bedroom 1.5 bath guest quarters with full kitchen, private entrance, 1 car gar + 4 slab pkg spots &it's own private fenced yard. The main residence has 4 car gar, (split 2&2 on each end of the house) 4 bdrms,3 baths, lg great room w/kitchen, gas stone fireplace, new stone flooring, granite countertops, beautiful cabinets. The split Master bedrm has a see through fireplace, huge master bath, large walk-in closet, private covered patio w pavers. Plantation shutters through out home and guest house. Fenced backyard could be a riding arena with room for horse set up. There is an air-conditioned dog house, a 20x48 RV metal garage, 2 RV hook ups w septic. Home has a new well (2021) servicing 4 homes

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

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

$697,500$852,500$775,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$2,692
Property Tax -$538
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$38

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.

$775,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$40,340

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
  • $3,208

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,895
$2,895
RENT COMPS ANALYSIS
  • 37405 N 16th Street Unincorporated County, AZ 1
    • 5 beds 5 baths ∙ 3,687 Sqft ∙ Built 2001 5 beds 5 baths ∙ 3,687 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 38241 N 3rd Street Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,342 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,342 Sqft ∙ Built 1996
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.87
    •  
PROPERTY LISTING DETAILS
M Kim Abbott
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187843
Last Updated: 01/30/2021
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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