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7025 N 22nd Drive 
Phoenix, AZ
85021
3 Beds 2 Baths 1,462 sqft
Built 1956
INVESTimate
$279,900
List Price
$79,924
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PROPERTY INFO
FACTS
- Built In 1956
- Price/Sqft : $191.45
- 2 Days on Market
- MLS # : 6122286
- Updated Date : 08/25/2020 at 10:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,462 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Charming Single family home in N.Central Phoenix. Situated on interior corner lot. Easy maint. desert landscape front yard. Formal living and family rooms. Ceramic tile t/o except bedrooms. New ceiling fans. Interior laundry w/washer & Dryer. Owner added cabinetry and utility sink. Beautiful kitchen with white wash out cabinets, stainless appliances, and tile countertops. Family room has built-in cabinetry. 3 spacious bedrooms. Updated master shower. A/c replaced in 2015. Roof replaced in 2017. Great backyard with grass/sprinkler system. Large storage shed. Custom garden boxes. Concrete pad at side of home. Block wall for added privacy. Oversized 1 car garage. Convenient location to freeways, downtown, and dining.
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PRICE & RENT TRENDS
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$167 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$146
|
||
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.
$279,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.78% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
8.33
YEARS SAVED
$36,075
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,689
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
7025 N 22nd Drive Phoenix, 2
- 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1956
- Rent
- Rent Per SQFT
- $1,500
- $1.03
-
2041 W Stella Lane Phoenix, 1
- 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1957
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,350
- $1.01
-
6521 N 19th Drive Phoenix, 3
- 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1957
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,595
- $1.14
-
7709 N 18th Avenue Phoenix, 4
- 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,675
- $1.17
-
7132 N 21st Avenue Phoenix, 5
- 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1956
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,895
- $1.30
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122286
Last Updated: 08/25/2020
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.
