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4222 N 21st Street #8 Phoenix, AZ 85016

3 Beds 3 Baths 1,845 sqft Built 2019

$530,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $287.26
  • 2 Days on Market
  • MLS # : 6160540
  • Updated Date : 11/13/2020 at 22:09
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. ***EXTERIOR CORNER UNIT WITH LARGE ENTRY WINDOW AND INCLUDES OUTDOOR DECK UPGRADE ($4K VALUE)***

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
 

$477,000$583,000$530,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,955
Property Tax -$381
Property Insurance -$63
HOA -$197
Property Management Fees -$99
CASH FLOW
-$536

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$530,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.41%

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) 3.00%
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-$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$142,450

INVESTMENT

$142,450

Down Payment
$132,500
Rehab Estimate
$2,000
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,507

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
  • $2,532

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,4504$2,6985$2,950
$2,950
RENT COMPS ANALYSIS
  • 4222 N 21st Street #8 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4230 N 21st Street #2 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 4216 N 27th Street #105 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.46
    •  
  • 4444 N 25th Street #40 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,698
    • $1.39
    •  
  • 4438 N 27th Street #13 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.47
    •  
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 #: 6160540
Last Updated: 11/13/2020
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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