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7614 N 20th Street Phoenix, AZ 85020

3 Beds 2 Baths 2,520 sqft Built 1977

$700,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $277.78
  • 3 Days on Market
  • MLS # : 6193750
  • Updated Date : 02/13/2021 at 14:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,520 sqft
  • Baths : 2 full
Listing Agent

Urban Luxe Real Estate

Listing Agent's Description

Amazing opportunity to be in the highly desired Biltmore Highlands community!This 3 bed 2 bath plus a den is perfect to make it your own. High ceilings, upgraded kitchen, great pool and observation deck to soak in all the gorgeous mountain views. Very private on a cul de sac, great family neighborhood. Don't miss this opportunity to be in a great neighborhood!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Biltmore Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $91k631k

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

Neighborhood: Biltmore Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342743

* 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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,431
Property Tax -$503
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$260

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.

$700,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$20,055

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
  • $3,182

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$3,4005$3,895
$3,895
RENT COMPS ANALYSIS
  • 7614 N 20th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,520 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,520 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2008 E Gardenia Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 1972
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.08
    •  
  • 8423 N 16th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1977
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.28
    •  
  • 2035 E Orangewood Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1973
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.30
    •  
  • 7816 N 18th Street Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1983 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1983
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.39
    •  
PROPERTY LISTING DETAILS
Dave Westbrook
Urban Luxe Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193750
Last Updated: 02/13/2021
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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