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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $224.44
- 2 Days on Market
- MLS # : 6163386
- Updated Date : 11/21/2020 at 17:41
CONSTRUCTION
- Beds : 2
- Floor Size : 1,559 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Enjoy all that Ahwatukee has to offer in this beautifully remodeled 2 bed, 2.5 bath home! Resort style living in this gated lake community. Recently renovated with new kitchen and bathroom cabinets, quartz countertops and wood-plank style flooring. The beautiful white & neutral grayscale tones throughout will compliment any interior style. Open floor plan showcases a great room with gorgeous fireplace & multiple sliders to your backyard retreat. Fabulous kitchen features new cabinets, stainless appliances, quartz countertops, and breakfast bar. Spacious master bedroom on the first floor. Beautiful loft retreat off the second upstairs bedroom suite. Community boasts highly desired amenities including a pool and spa as well as gorgeous lake. Don't miss out on this one!
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PRICE & RENT TRENDS
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$249 | |
| Property Insurance | -$58 | |
| HOA | -$139 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$146
|
||
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.
$349,900
PROJECTED PRICE
$1,690
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3.17
YEARS SAVED
$10,600
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,816
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
1140 E Wildwood Drive Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $1.08
-
1128 E Mountain Vista Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1994
![property image]()
LEASED 10/20/19- Rent
- Rent Per SQFT
- $1,600
- $1.18
-
726 E Glenhaven Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 1994
![property image]()
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,900
- $1.09
-
1402 E Cathedral Rock Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,950
- $1.11
-
1144 E Wildwood Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,000
- $1.28
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163386
Last Updated: 11/21/2020
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.
