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4728 N 21st Avenue Phoenix, AZ 85015

3 Beds 2 Baths 1,046 sqft Built 1946

$249,900

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $238.91
  • 2 Days on Market
  • MLS # : 6178751
  • Updated Date : 01/09/2021 at 23:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,046 sqft
  • Baths : 2 full
Listing Agent

Arizona Executives

Listing Agent's Description

This perfect home is located in an area with many different shopping or dining options, convenient access to I17, and Steele Indian School Park is just down the road. The galley kitchen with newer kitchen cabinets is perfect for preparing meals. The master bedroom has a walk in closet and the master bath has an all tile shower. Updated baseboards and tile throughout make this home move in ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Westwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7131567

* 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
Westwood Primary School Primary Regular 933 42 3
Simpson School Middle Regular 831 28 2
Central High School High Regular 2,251 136 3

Westwood Primary School

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 42
3
GreatSchools Rating

Simpson School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 28
2
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$868
Property Tax -$137
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$112

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.

$249,900

PROJECTED PRICE

$1,040

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,085

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,040

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $889

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$825
1$8252$9993$1,0404$1,1005$1,125
$1,125
RENT COMPS ANALYSIS
  • 4728 N 21st Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,046 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,046 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,040
    • $0.99
    •  
  • 2646 W Missouri Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1948
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $825
    • $0.80
    •  
  • 2821 W Coolidge Street Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,167 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,167 Sqft ∙ Built 1953
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.86
    •  
  • 2379 W Hazelwood Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1965
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 3001 W Elm Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1954
    property image
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bret L Bowdish
Arizona Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178751
Last Updated: 01/09/2021
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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