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4222 N 21st Street #5 Phoenix, AZ 85016

3 Beds 3 Baths 1,845 sqft Built 2019

$524,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $284.01
  • 3 Days on Market
  • MLS # : 6178346
  • Updated Date : 01/08/2021 at 04:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rei Marketing

Listing Agent's Description

Brand rand new bespoke townhome community within the sought-after Biltmore neighborhood. Each home boasts contemporary architecture and efficient design across two levels of living. Modern 3 bed 2.5 bath private residences with open floor plans, 10 ft ceilings, private outdoor spaces, energy efficient design elements and appliances, attached 2 car garages, luxurious master suites with en-suite baths, and a dedicated work from home space plus much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sharondale South

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k439k

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

Neighborhood: Sharondale South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9341786

* 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
Madison Camelview Elementary School Primary Regular 689 33 4
Madison Park Middle School Middle Regular 423 22 4
Camelback High School High Regular 2,048 110 4

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

Madison Park Middle School

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 22
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$471,600$576,400$524,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,820
Property Tax -$377
Property Insurance -$63
HOA -$197
Property Management Fees -$99
CASH FLOW
-$356

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$524,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$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$144,610

INVESTMENT

$144,610

Down Payment
$131,000
Rehab Estimate
$5,750
Closing Costs
$7,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,820

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,000
Loan Amount $393,000
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$6,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,394

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,4505$2,698
$2,698
RENT COMPS ANALYSIS
  • 4222 N 21st Street #5 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.19
    •  
  • 4230 N 21st Street #2 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2006
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 4230 N 21st Street #6 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2010
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 4216 N 27th Street #105 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.46
    •  
  • 4444 N 25th Street #40 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,698
    • $1.39
    •  
PROPERTY LISTING DETAILS
Ivan Elosegui
Rei Marketing
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178346
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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