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7333 N 22nd Place Phoenix, AZ 85020

4 Beds 4 Baths 3,139 sqft Built 1978

$1,150,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $366.36
  • 2 Days on Market
  • MLS # : 6190365
  • Updated Date : 02/06/2021 at 21:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,139 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

LOCATION!!! Rare. Oversized corner cul de sac lot with Piestewa Peak views and trails. The perfect home to enjoy our Arizona lifestyle! Open Floor Plan, Gorgeous hard wood flooring.Large master suite, Hers and Hers walk in closets with dual sinks, Jetted tub, Large shower, plus French doors to pool and patio. Private guest suite or office with full bath, walk in closet, kitchen & pool access and private entrance. High ceilings, lots of glass and clerestory windows make for a light and bright home wrapped around a sparkling blue pool with travertine and cool deck patio. Big yard with sport court. Zoned A/C with humidity control. Private, quiet, friendly neighborhood 500 feet above downtown. Amazing Sunsets and Mountain views.Soo much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diane Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k750k

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

Neighborhood: Diane Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9343251

* 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
Madison Heights Elementary School Primary Regular 538 30 8
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA

Madison Heights Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 30
8
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,994
Property Tax -$827
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
-$1,608

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.

$1,150,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$113

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,704

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5003$3,6004$4,000
$4,000
RENT COMPS ANALYSIS
  • 7333 N 22nd Place Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,139 Sqft ∙ Built 1978 4 beds 4 baths ∙ 3,139 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2626 E Arizona Biltmore Circle #2 Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 1980
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.20
    •  
  • 7233 N 23rd Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,246 Sqft ∙ Built 1972 4 beds 3 baths ∙ 3,246 Sqft ∙ Built 1972
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.11
    •  
  • 2035 E Gardenia Avenue Phoenix, AZ 4
    • 5 beds 3 baths ∙ 3,258 Sqft ∙ Built 1973 5 beds 3 baths ∙ 3,258 Sqft ∙ Built 1973
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.23
    •  
PROPERTY LISTING DETAILS
Sam Miller
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190365
Last Updated: 02/06/2021
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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