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6034 S 20th Glen Phoenix, AZ 85041

4 Beds 3 Baths 2,500 sqft Built 2004

$329,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $131.96
  • 7 Days on Market
  • MLS # : 6138739
  • Updated Date : 11/02/2020 at 10:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Results Realty

Listing Agent's Description

Four Bedroom, Two and a Half Bathroom home has been optimized with maximum space for your growing family! Huge loft and office are perfect for working from home and online school, plus extra storage in the laundry room and THREE CAR GARAGE! Large open concept kitchen and family room. Black Stainless Appliances in kitchen and an enormous island with custom concrete counters and new tile flooring. Downstairs has new laminate, giant master walk in closet and separate tub and shower in the en suite bathroom. One of the largest lots in the neighborhood with a great view of the park across the street! Central location gives you a great commute anywhere...schedule your showing while it lasts!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Southern Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Ed And Verma Pastor Elementary School Primary Regular 637 32 2
Ed And Verma Pastor Elementary School Middle Regular 637 32 2
Cesar Chavez High School High Regular 2,575 131 3

Ed And Verma Pastor Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 32
2
GreatSchools Rating

Ed And Verma Pastor Elementary School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 32
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,217
Property Tax -$195
Property Insurance -$76
HOA -$42
Property Management Fees -$99
CASH FLOW
$121

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.

$329,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$35,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7503$1,8254$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 6034 S 20th Glen Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 1523 W Saint Catherine Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 2814 W Kowalsky Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2005
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.79
    •  
  • 2135 W Maldonado Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 2205 W Darrel Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
PROPERTY LISTING DETAILS
Rob Hale
Elite Results Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6138739
Last Updated: 11/02/2020
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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