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PROPERTY INFO
FACTS
- Single Family
- Built In 1950
- Price/Sqft : $240.88
- 2 Days on Market
- MLS # : 6176458
- Updated Date : 01/02/2021 at 21:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,453 sqft
- Baths : 1 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Location! Location! Location! This house checks all the boxes! From the freshly painted exterior to the brand new flooring throughout. Enjoy cooking at your gas stovetop with beautiful quartz countertops and all new kitchen cabinets that are soft close. All the big ticket items have been updated as well. The roof was replaced in 2018 along with leased solar panels installed. All of the windows have been replaced to dual pane, new hot water tank in 2019 and a gorgeous low maintenance backyard with pavers and turf done in 2020. You don't want to miss this home!
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PRICE & RENT TRENDS
Neighborhood: Devonshire Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Devonshire Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$184 | |
| Property Insurance | -$56 | |
| 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 15% of earned rent to cover both maintenance and periods of vacancy.
$350,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
5.5
YEARS SAVED
$24,127
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
-
$1,624
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
1005 E Glenrosa Avenue Phoenix, AZ 1
- 3 beds 1 baths ∙ 1,453 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,453 Sqft ∙ Built 1950
- Rent
- Rent Per SQFT
- $0
- $0.00
-
208 W Glenrosa Avenue Phoenix, AZ 2
- 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,400
- $1.12
-
1215 E Meadowbrook Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,450
- $1.10
-
4618 N 12th Place #mh Phoenix, AZ 4
- 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,495
- $1.14
-
351 E Thomas Road #d101 Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,795
- $1.11
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176458
Last Updated: 01/02/2021
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.
