Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $158.76
- 2 Days on Market
- MLS # : 6176304
- Updated Date : 01/02/2021 at 23:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,889 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
TERRIFIC 3 Bed/ 2.5 bath home in Phoenix Arizona! Beautiful move in ready home on a corner lot with NEW exterior paint. Wood/vinyl flooring throughout with neutral grey colored walls. Updated eat-in kitchen includes NEW GRANITE countertops, backsplash, NEW dual sink, faucet and ALL stainless steel appliances!! BRIGHT and SPACIOUS upstairs loft perfect for an office. Upstairs laundry room, ceiling fans and blinds throughout the home. HUGE master bedroom with a WALK IN CLOSET. Upstairs bathrooms includes shower/tub and NEW matching granite countertops. GREAT covered patio with PAVERS perfect for entertaining. Very close to shopping, freeways and a walking distance to Camelback Ranch Stadium!! COME SEE THIS HOME TODAY!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Camelback Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelback Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$185 | |
| Property Insurance | -$64 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$33
|
||
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.
$299,900
PROJECTED PRICE
$1,470
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
5.17
YEARS SAVED
$18,598
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
-
$1,488
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
11028 W Pierson Street Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
11010 W Pierson Street Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2008
![property image]()
LEASED 09/10/19- Rent
- Rent Per SQFT
- $1,400
- $0.74
-
4003 N 113th Avenue Avondale, AZ 3
- 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1995
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,450
- $0.81
-
11218 W Glenrosa Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,500
- $0.81
-
10950 W Pierson Street Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008
![property image]()
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,645
- $0.79
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176304
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.
