Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4644 N 22nd Street #1008 Phoenix, AZ 85016

1 Beds 1 Baths 850 sqft Built 1997

$225,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $264.71
  • 37 Days on Market
  • MLS # : 6193852
  • Updated Date : 03/19/2021 at 21:28
CONSTRUCTION
  • Beds : 1
  • Floor Size : 850 sqft
  • Baths : 1 full
Listing Agent

Zillow Homes Inc

Listing Agent's Description

Make this stylish 1 bedroom, 1 bathroom condo nestled in the Arizona Biltmore neighborhood yours. In the kitchen, contemporary lighting highlights the crisp auburn hued cabinetry along the walls. The large sun-kissed living room shares space with the dining area, and both look into the kitchen. A generous walk-in closet resides in the primary bedroom, along with a board sliding glass door to the private patio. A combination shower with a deep tub, an onyx countertop, and modern overhead lights encompass the bathroom. This amazing home is 2 blocks from the Town & Country and Camelback Colonnade shopping centers, 3 blocks from the Biltmore, a 14-minute drive to Camelback Mountain, and 12-minutes away from Phoenix Sky Harbor International Airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Terraza at Biltmore Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: La Terraza at Biltmore Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$782
Property Tax -$167
Property Insurance -$44
HOA -$211
Property Management Fees -$99
CASH FLOW
-$73

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.

$225,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$5,361

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
  • $1,224

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1753$1,2004$1,2505$1,250
$1,250
RENT COMPS ANALYSIS
  • 4644 N 22nd Street #1008 Phoenix, AZ 1
    • 1 beds 1 baths ∙ 850 Sqft ∙ Built 1997 1 beds 1 baths ∙ 850 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4343 N 21st Street #105 Phoenix, AZ 2
    • 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.39
    •  
  • 4343 N 21st Street #121 Phoenix, AZ 3
    • 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.42
    •  
  • 4343 N 21st Street #111 Phoenix, AZ 4
    • 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.48
    •  
  • 4644 N 22nd Street #1017 Phoenix, AZ 5
    • 1 beds 1 baths ∙ 850 Sqft ∙ Built 1997 1 beds 1 baths ∙ 850 Sqft ∙ Built 1997
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.47
    •  
PROPERTY LISTING DETAILS
Yvonne C Bondanza-whittaker
Zillow Homes Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193852
Last Updated: 03/19/2021
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.

BESbswy