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6915 S 21st Drive Phoenix, AZ 85041

4 Beds 2 Baths 2,009 sqft Built 2005

INVESTimate

$305,000

List Price

$1,530

$1,377 - $1,683

Rent Est.

$333,518  ( +9.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $151.82
  • 7 Days on Market
  • MLS # : 6119130
  • Updated Date : 08/22/2020 at 08:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,009 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

This wonderfully appointed, former model single level home features an open concept with a flexible floor plan that features 4 bedrooms (den) & 2 baths. Rooms boasts 9 ft ceilings, wood blinds, ceiling fans, a gas fireplace in the family room & energy efficient dual pane windows. Ample counter top space and storage in the large open kitchen with island & new SS appliance suite is great for gatherings. Master bed has private exit to the back patio, master bath includes dual sinks, sep. bath/shower and huge walk-in closet. Indoor laundry is large. New exterior paint in 2019. A wonderful home, checks all the boxes, will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vineyard Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Vineyard Vista

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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,125
Property Tax -$198
Property Insurance -$66
HOA -$33
Property Management Fees -$99
CASH FLOW
$8

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.

$305,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$22,141

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4993$1,5304$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 6915 S 21st Drive Phoenix, 3
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.76
    •  
  • 2011 W Carson Road Phoenix, 1
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 2137 W Burgess Lane Phoenix, 2
    • 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2003
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.73
    •  
  • 7232 S 18th Lane Phoenix, 4
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 2018
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 1742 W Pollack Street Phoenix, 5
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Eric J Swiatek
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119130
Last Updated: 08/22/2020
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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