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42227 N 7th Street Phoenix, AZ 85086

4 Beds 3 Baths 2,726 sqft Built 2004

$620,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $227.44
  • 3 Days on Market
  • MLS # : 6193793
  • Updated Date : 02/12/2021 at 22:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,726 sqft
  • Baths : 2 full , 1 half
Listing Agent

Af Realty

Listing Agent's Description

Stunning vistas and spectacular sunsets will have you enjoying your new home year round. This 4 bedroom, 2.5 bath home is the ideal Sonoran Desert retreat. Sweeping views to the north allow you to take advantage of the picturesque summer lightning storms, sunsets to the west and the sun casting purple shadows to the east. This well-designed home - a great room layout - means that you'll be able to maximize all of the living space. The extensive use of tile allows each room to flow seamlessly into the next. The kitchen is spacious and functional with raised panel cabinetry, granite slab counters, stainless appliances and a double oven - all while keeping you connected to the family and able to enjoy the great views out back. The home's split layout gives the ultimate in flexibility More...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$2,153
Property Tax -$483
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$426

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.

$620,000

PROJECTED PRICE

$2,390

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$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$7,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,963

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,3904$2,500
$2,500
RENT COMPS ANALYSIS
  • 42227 N 7th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.88
    •  
  • 40511 N Hawk Ridge Trail Phoenix, AZ 1
    • 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.60
    •  
  • 40818 N Lytham Court Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2004
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 40721 N Long Landing Court Anthem, AZ 4
    • 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,978 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
PROPERTY LISTING DETAILS
Adrian Luna
Af Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193793
Last Updated: 02/12/2021
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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