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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $252.68
- 1 Days on Market
- MLS # : 6210254
- Updated Date : 03/21/2021 at 03:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,642 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Gorgeous Remodel, North Mountain Views, No HOA! RV Gates! 3 Bedroom 2 Bath Home with Beautiful Open Floor Plan. New HVAC, New Windows, New Interior & Exterior Paint. All New Flooring. Tiled Showers, New Bathroom Vanities. Alll New Brushed Light & Plumbing Fixtures. New Water Heater. Home is 5 Minutes away from the 51 Freeway, Close to Dining, Shopping and Schools. You Will Love This Home!
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PRICE & RENT TRENDS
Neighborhood: New Northtown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Northtown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$248 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$247
|
||
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.
$414,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$115,699
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,725 |
| Loan Amount | $311,175 |
2.5
YEARS SAVED
$8,237
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
-
$1,790
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
1137 E El Caminito Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1959
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1514 E Royal Palm Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1979
![property image]()
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
-
1137 E Diana Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1959
![property image]()
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
1229 E Mission Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1955
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,800
- $1.12
-
1026 E Northern Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1958
![property image]()
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.25
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6210254
Last Updated: 03/21/2021
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.
