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4417 N 21st Street Phoenix, AZ 85016

2 Beds 1 Baths 851 sqft Built 1955

$410,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $481.79
  • 3 Days on Market
  • MLS # : 6190116
  • Updated Date : 02/05/2021 at 03:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 851 sqft
  • Baths : 1 full
Listing Agent

Phoenix Urban Spaces

Listing Agent's Description

Renovated in 85016! Located in an excellent location in the Biltmore corridor, this block constructed 2 bedroom home boasts NEW: LVT flooring throughout, Quartz counters, Stainless Appliances including Gas Stove, Disposal, Lighting, Ceiling Fans, Interior paint. A/C is 6 months old; Roof is 1 year old. The home is situated on a 10,000 SF Irrigated lot with plenty of room to expand. New partitioned fenced backyard offers excellent privacy. No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA

Madison Camelview Elementary School

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

Camelback High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,424
Property Tax -$295
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
-$552

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.

$410,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$119

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
  • $1,155

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,2004$1,2505$1,450
$1,450
RENT COMPS ANALYSIS
  • 4417 N 21st Street Phoenix, AZ 1
    • 2 beds 1 baths ∙ 851 Sqft ∙ Built 1955 2 beds 1 baths ∙ 851 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1622 E Campbell Avenue #t Phoenix, AZ 2
    • 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.29
    •  
  • 2228 E Campbell Avenue #134 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 956 Sqft ∙ Built 1973 2 beds 2 baths ∙ 956 Sqft ∙ Built 1973
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.26
    •  
  • 2019 E Turney Avenue #2r Phoenix, AZ 4
    • 2 beds 1 baths ∙ 875 Sqft ∙ Built 1960 2 beds 1 baths ∙ 875 Sqft ∙ Built 1960
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.43
    •  
  • 4401 N 21st Street #9 Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1971 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1971
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.45
    •  
PROPERTY LISTING DETAILS
Roberta Candelaria
Phoenix Urban Spaces
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190116
Last Updated: 02/05/2021
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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