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7221 W Crittenden Lane Phoenix, AZ 85033

5 Beds 2 Baths 1,968 sqft Built 1980

$304,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $154.93
  • 6 Days on Market
  • MLS # : 6198190
  • Updated Date : 02/24/2021 at 07:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,968 sqft
  • Baths : 1 full , 1 half
Listing Agent

Arizona 1st Land & Home Re Co

Listing Agent's Description

NEWLY UPDATED MARYVALE HOME ON HUGE CORNER LOT WITH SIDE RV GATE. UPGRADES INCLUDE STUCCO EXTERIOR, DUAL PANE WINDOWS, 6 PANEL DOORS, HARDWARE, BASEBOARD, CROWN MOLDING, KITCHEN CABINETS, GRANITE COUNTERS & BACKSPLASH, SS APPLAINCES, BATH VANITIES, TILE SHOWER SURROUNDS, TILE FLOORING & CARPET, CEILING FANS, LIGHT FIXTURES, WINDOW BLINDS AND MUCH MORE. CALL TODAY TO SCHEDULE YOUR VIEWING.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6431567

* 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
G. Frank Davidson Elementary School Primary Regular 820 37 1
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

G. Frank Davidson Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
1
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,059
Property Tax -$184
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$27

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.

$304,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$15,844

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,3503$1,3804$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 7221 W Crittenden Lane Phoenix, AZ 3
    • 5 beds 2 baths ∙ 1,968 Sqft ∙ Built 1980 5 beds 2 baths ∙ 1,968 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.70
    •  
  • 6241 W Wolf Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
  • 7731 W Wolf Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 1979
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 7130 W Avalon Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 5229 N 73rd Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1991
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
PROPERTY LISTING DETAILS
Guillermo E Blanco
Arizona 1st Land & Home Re Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198190
Last Updated: 02/24/2021
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.

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