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8330 N 21st Drive #J201 Phoenix, AZ 85021

2 Beds 2 Baths 1,653 sqft Built 1984

$205,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $124.02
  • 3 Days on Market
  • MLS # : 6170525
  • Updated Date : 12/12/2020 at 12:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Fantastic opportunity to own this 2 bedroom, an office, 2 bathroom townhome! Easy access to I-17, great parks, dining. Featuring a cozy fireplace, a true wet bar, plantation shutters and great floorplan, 1,653 sq ft! Nicely appointed kitchen boasts granite counters, stainless steel appliances and breakfast bar. Master bedroom retreat includes private en suite w/ custom tile walk-in shower. Water heater 1yr old, AC approx. 5yrs old! HOA takes care of your water/ sewer/ trash service, exterior maintenance, grounds/ landscaping, community pool! Enjoy your mornings or evenings on the private 2nd story covered patio. Inside laundry, separate storage unit, separate garage! This is a north central Phoenix gem. Schedule your private showing today. Buyer to verify facts/ figures for accuracy.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: El Caro Villas Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: El Caro Villas Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Richard E. Miller Elementary School Primary Regular 569 26 4
Royal Palm Middle School Middle Regular 725 41 3
Cortez High School High Regular 1,127 55 4

Richard E. Miller Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 26
4
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$756
Property Tax -$122
Property Insurance -$59
HOA -$306
Property Management Fees -$99
CASH FLOW
$97

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.

$205,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$19,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4403$1,4754$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 8330 N 21st Drive #j201 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.87
    •  
  • 7761 N 20th Avenue Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,460 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,460 Sqft ∙ Built 1986
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 7764 N 20th Avenue Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,460 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,460 Sqft ∙ Built 1986
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.01
    •  
  • 7774 N 20th Avenue Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,460 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,460 Sqft ∙ Built 1986
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 1907 W Belmont Avenue Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
PROPERTY LISTING DETAILS
John Cade Decker
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170525
Last Updated: 12/12/2020
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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