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37437 N 19th Avenue Phoenix, AZ 85086

4 Beds 2 Baths 2,242 sqft Built 1996

$665,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $296.61
  • 3 Days on Market
  • MLS # : 6209402
  • Updated Date : 03/20/2021 at 19:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,242 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

The perfect horse property! You will love this 4 bedroom, 2 bath, 2 car garage home that has been updated beautifully. This property sits across the street from a preserve that has fabulous riding opportunities and no one will ever built on it! Enjoy the views of mountains while lounging poolside in your own private back yard that boasts a great cactus and succulent garden with desert flowers sprinkled in among the cacti. Four well-built covered horse stalls, a large sand arena and tack room finish out this wonderful property. Don't miss out on this opportunity to own a lovely home in a very quiet, scenic neighborhood. This property is also close to Dynamite Arena and Wickenburg Ropings.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
 

$598,500$731,500$665,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,310
Property Tax -$518
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$658

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.

$665,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,310

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,907

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
  • $2,085

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8904$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 37437 N 19th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2106 W Hemingway Court Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 39727 N Bent Creek Court Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2004
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.96
    •  
  • 1748 W Hemingway Lane Anthem, AZ 4
    • 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 1641 W Maddock Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Merry Caswell
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209402
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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