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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $139.99
- 1 Days on Market
- MLS # : 6170883
- Updated Date : 12/12/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,178 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Great cul-de-sac lot for this lovely two-story home. Formal living & dining with soaring ceilings, tile floors and soft color palette. Powder room downstairs. OPen concept living for the kitchen, dining and family room. The eat-in kitchen has an ample amount of cabinets, breakfast bar seating, center island, black appliances, Corian counters, and a pantry. The cozy loft has beautiful laminate wood floors. Generous sized bedrooms. The master has the same laminate wood floors, sitting area, full bath includes a jetted tub, separate shower and walk-in closet. The large backyard has a covered patio, storage shed, and plenty of room to create your own oasis! Close to schools, Westgate Entertainment District for shopping & dining and the sports venues. Call for a showing today!
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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 | $1,620 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$189 | |
| Property Insurance | -$70 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$88
|
||
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.
$304,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.53%
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
$86,549
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,225 |
| Loan Amount | $228,675 |
7.25
YEARS SAVED
$31,090
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
-
$1,557
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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- $1,400
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LEASED 03/31/20- Rent
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- $1,566
- $0.70
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11120 W Campbell Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,599
- $0.69
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10937 W Minnezona Avenue Phoenix, AZ 5
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LEASED 11/21/20- Rent
- Rent Per SQFT
- $1,600
- $0.73
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170883
Last Updated: 12/12/2020
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.
