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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $253.31
- 1 Days on Market
- MLS # : 6263675
- Updated Date : 07/13/2021 at 07:33
CONSTRUCTION
- Beds : 2
- Floor Size : 1,480 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
This lovely, updated home with a southwestern flair is located in a quiet, adult community. The detached, single-family home features an open-concept living area, spacious rooms and custom Saltillo terracotta tile flooring throughout with newer carpeting in the bedrooms. Kitchen has been updated with white cabinets and beautiful granite countertops, breakfast bar, Farmer's sink, skylight, recessed lighting and newer appliances. Relax in the large living room with plenty of light or spend time in the dining/family room with brick fireplace and access to the very spacious Arizona room, which has been updated with porcelain tile, vinyl windows and split-system air conditioning/heat to enjoy all year round, while allowing for extra square footage.
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PRICE & RENT TRENDS
Neighborhood: Ahwatukee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ahwatukee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$267 | |
| Property Insurance | -$56 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$300
|
||
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.
$374,900
PROJECTED PRICE
$1,430
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.6% |
| 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
$105,099
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
1.58
YEARS SAVED
$3,656
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,547
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
10849 S Shoshoni Drive Phoenix, AZ 1
- 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4740 E Ahwatukee Drive Phoenix, AZ 2
- 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
![property image]()
LEASED 07/26/20- Rent
- Rent Per SQFT
- $1,400
- $0.95
-
11444 S Maze Court Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,439 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,439 Sqft ∙ Built 1977
![property image]()
LEASED 05/01/21- Rent
- Rent Per SQFT
- $1,550
- $1.08
-
11623 S Jokake Street Phoenix, AZ 4
- 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975
![property image]()
LEASED 01/19/21- Rent
- Rent Per SQFT
- $1,600
- $1.02
-
5041 E Mesquite Wood Court Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1973
![property image]()
LEASED 03/02/21- Rent
- Rent Per SQFT
- $1,895
- $1.13
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263675
Last Updated: 07/13/2021
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.
