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38212 N 25th Avenue Phoenix, AZ 85086

4 Beds 3 Baths 2,826 sqft Built 1985

$679,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $240.27
  • 4 Days on Market
  • MLS # : 6205812
  • Updated Date : 03/13/2021 at 14:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,826 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Don't miss this incredible 4 bed/3 bath ranch style home available on nearly 2.4 acres of property in north Phoenix. (Adjacent 2+ acres are also available for purchase). Live the life of your dreams, surrounded by wide open spaces and breathtaking views all within minutes of freeways, schools, shopping and restaurants. Interior is open and bright with formal living and dining, French doors and windows, custom paint tones, and more timeless charm from wall to wall. Eat in kitchen features tile counters and a bay window dining nook. You will love the outdoor space. Sprawling lot is zoned for horses and offers a 2car attached garage, an additional 2car detached workshop/garage, a 3bay carport, RV hookup, citrus trees, covered patio, shared well and much more. Bring your pets and toys!

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
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
 

$611,100$746,900$679,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,358
Property Tax -$529
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$439

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.

$679,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,685

INVESTMENT

$185,685

Down Payment
$169,750
Rehab Estimate
$5,750
Closing Costs
$10,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,750
Loan Amount $509,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$8,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,388

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2503$2,6004$2,6305$2,700
$2,700
RENT COMPS ANALYSIS
  • 38212 N 25th Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.93
    •  
  • 2023 W Shackleton Drive Anthem, AZ 1
    • 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,575 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 39524 N Belfair Way Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2004
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 2211 W Morse Court Anthem, AZ 3
    • 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
    •  
  • 2415 W Kit Carson Court Anthem, AZ 5
    • 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2002
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Tina Hall
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205812
Last Updated: 03/13/2021
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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