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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $222.53
- 1 Days on Market
- MLS # : 6206137
- Updated Date : 03/13/2021 at 23:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,460 sqft
- Baths : 2 full
Listing Agent
Equity Realty Group, Llc
Listing Agent's Description
Come fall in love with your new home! This beautiful home is located near future light rail access within minutes of downtown. Close to shopping centers and gorgeous hiking trails it's a MUST SEE and will go fast!!!!!! This home has a breakfast nook off of the kitchen and a spacious dinning and living room with vaulted ceilings. The Hall Bath has a newly remodeled shower with dual valves and tile surrounds.
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PRICE & RENT TRENDS
Neighborhood: Desert Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$211 | |
| Property Insurance | -$56 | |
| HOA | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$310
|
||
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.
$324,900
PROJECTED PRICE
$1,240
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.9% |
| 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
$91,849
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
1.17
YEARS SAVED
$1,496
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
-
$1,263
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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1110 E Fraktur Road Phoenix, AZ 1
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- $0
- $0.00
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1235 E Wood Street #b Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003
LEASED 09/26/19- Rent
- Rent Per SQFT
- $1,000
- $0.89
-
630 E Dekalb Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 1,641 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,641 Sqft ∙ Built 2006
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,350
- $0.82
-
1455 E Bloch Road Phoenix, AZ 4
- 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 2003
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,449
- $0.92
-
7517 S 14th Street Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2003
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
PROPERTY LISTING DETAILS
Equity Realty Group, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206137
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.
