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8206 S 22nd Lane Phoenix, AZ 85041

3 Beds 2 Baths 2,164 sqft Built 2007

$339,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $156.65
  • 3 Days on Market
  • MLS # : 6169786
  • Updated Date : 12/11/2020 at 10:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,164 sqft
  • Baths : 2 full
Listing Agent

Homesmart Success

Listing Agent's Description

Nice 3 bedroom, 2 bath single level split floorplan home in a gated community with outstanding mountain views. NEW COMPLETE INTERIOR PAINT, ALL NEW APPLIANCES, INCLUDING FRIDGE. Close to shopping and restaurants. Schools and parks nearby. Too many features to list here, don't miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silva Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k274k

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

Neighborhood: Silva Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9341626

* 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
Southwest Elementary School Primary Regular 499 26 2
Southwest Elementary School Middle Regular 499 26 2
Cesar Chavez High School High Regular 2,575 131 3

Southwest Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Southwest Elementary School

  • Education Level: Middle
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,251
Property Tax -$221
Property Insurance -$69
HOA -$110
Property Management Fees -$99
CASH FLOW
-$20

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$339,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,7303$1,8434$1,8455$1,895
$1,895
RENT COMPS ANALYSIS
  • 8206 S 22nd Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.80
    •  
  • 1731 W Pollack Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2019
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.78
    •  
  • 1707 W Pollack Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,843
    • $0.87
    •  
  • 2529 W Fawn Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2007
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.80
    •  
  • 1717 W Pollack Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
PROPERTY LISTING DETAILS
Armando Banda
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169786
Last Updated: 12/11/2020
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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