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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $261.90
- 2 Days on Market
- MLS # : 6160606
- Updated Date : 11/14/2020 at 09:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,100 sqft
- Baths : 2 full
Listing Agent
Joi Realty
Listing Agent's Description
Welcome home to this remodeled gorgeous home in a cul-de-sac oversized corner lot with a NEW AC! Why commute when you can move into this beautiful upgraded 4 bedroom, 2 bathroom home with new kitchen appliances, quartz counter tops, island & beautiful white cabinets. Newly updated baths, new ceramic tile and NO CARPET . The kitchen features a large eat in kitchen with a gorgeous custom subway backsplash. This home is has desert landscaping, large utility room/laundry room, RV parking and more. Just bring all your toys to this new home. This is the highly desirable Broadmoor Hills neighborhood, minutes from 51 fwy, downtown Phx & Scotts, PV, Fashion Sq. Desert Ridge, Kierland, hiking trails and so much more! Investors make this your next rental investment to add to your portfolio.
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PRICE & RENT TRENDS
Neighborhood: Broadmoor Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Broadmoor Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$346 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$173
|
||
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.
$550,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
4.17
YEARS SAVED
$25,518
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$2,373
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
10838 N 37th Place Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $2,370
- $1.13
-
10809 N 33rd Place Phoenix, AZ 1
- 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,195
- $1.10
-
3555 E North Lane Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1971
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,195
- $1.01
-
10602 N 35th Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1973
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.13
-
3509 E Cannon Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1970
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.28
PROPERTY LISTING DETAILS
Joi Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160606
Last Updated: 11/14/2020
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.
