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

37809 N 17th Drive Phoenix, AZ 85086

4 Beds 4 Baths 3,374 sqft Built 2004

$779,900

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $231.15
  • 6 Days on Market
  • MLS # : 6179804
  • Updated Date : 01/20/2021 at 16:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,374 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Amazing Custom Desert Hills 4 bed w/Bonus/Media room,3.5 bath, 4 car garage on just over 1 acre. Expansive rear covered patio,w/water feature & pool + pergola,fruit trees,RV gate.Enter the front of the home through the courtyard complete w/fountain and extended patio.Custom kitchen w/ knotty alder cabinets ,granite cntrs,,SS appliance's,electric cook top,SS vent hood,travertine back splash & large center island.Large great room w/fireplace & plenty of natural light. Owners suite has double entry doors,large walk in closet,custom cabinets,travertine snail type walk through shower,spa tub ,custom cntr tops and complete with a bidet & walk out door to patio.Media/bonus room is connected to a full bath and bedroom w/front entry & could easily be used as a in law suite are

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k477k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10452722

* 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
Desert Mountain School Primary Regular 695 42 7
Desert Mountain School Middle Regular 695 42 7
Boulder Creek High School High Regular 2,639 105 6

Desert Mountain School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Desert Mountain School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Boulder Creek High School

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

$701,910$857,890$779,900

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,709
Property Tax -$608
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
-$238

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.

$779,900

PROJECTED PRICE

$3,270

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$212,424

INVESTMENT

$212,424

Down Payment
$194,975
Rehab Estimate
$5,750
Closing Costs
$11,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $194,975
Loan Amount $584,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$24,911

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
  • $3,104

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,8954$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 37809 N 17th Drive Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,374 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,374 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2211 W Morse Court Anthem, AZ 2
    • 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2003
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 38241 N 3rd Street Phoenix, AZ 3
    • 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
    •  
  • 40408 N Copper Basin Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2003
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.89
    •  
  • 37712 N 27th Avenue Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,046 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jeffrey S Armbruster
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179804
Last Updated: 01/20/2021
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.

BESbswy