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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $256.70
- 2 Days on Market
- MLS # : 6205672
- Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,792 sqft
- Baths : 2 full
Listing Agent
Walt Danley Christie's International Real Estate
Listing Agent's Description
Remodeled home with new roof as of August 2020. Great primary residence or investment property. Current tenant is paying $2,200 per month. 4 Bed 2 Baths, 2 Car Garage on a huge lot. Upgraded kitchen with granite countertops, large center island w pendant lighting, stainless steel appliances. Fire place in family room. Hardwood and tile flooring. Dual pane/low E windows, Covered patio. Laundry room with cabinets. Water softener. Smooth coat stucco exterior. Extensive pavers in backyard. RV gate/parking. Too many upgrades to list...must see...will go fast! More professional photos coming soon!
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,598 |
| Property Tax | -$290 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$79
|
||
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.
$460,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$127,650
LOAN DETAILS
$1,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
4.42
YEARS SAVED
$20,009
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,110
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
10602 N 35th Street Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,970
- $1.10
-
3951 E Desert Cove Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1961
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,845
- $1.13
-
10809 N 33rd Place Phoenix, AZ 3
- 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,195
- $1.10
-
3401 E Desert Cove Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1972
LEASED 03/12/21- Rent
- Rent Per SQFT
- $2,200
- $1.18
-
3735 E Sahuaro Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1969
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.30
PROPERTY LISTING DETAILS
Walt Danley Christie's International Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6205672
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
