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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $229.79
- 6 Days on Market
- MLS # : 6171449
- Updated Date : 12/15/2020 at 17:40
CONSTRUCTION
- Beds : 2
- Floor Size : 1,299 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Great opportunity walking distance to the Phoenix Mountain Preserve! This adorable red brick home, has a beautiful stone fireplace and great mountain views. large kitchen looking out to the lush yard.Surrounded by the Phoenix Mountain Preserve this home offers so much!
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PRICE & RENT TRENDS
Neighborhood: Las Bonitas Alturas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Las Bonitas Alturas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,101 |
| Property Tax | -$188 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$69
|
||
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.
$298,500
PROJECTED PRICE
$1,510
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| 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
$84,853
LOAN DETAILS
$1,101
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,625 |
| Loan Amount | $223,875 |
7.08
YEARS SAVED
$29,594
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,481
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
11435 N 15th Street Phoenix, AZ 4
- 2 beds 3 baths ∙ 1,299 Sqft ∙ Built 1974 2 beds 3 baths ∙ 1,299 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,510
- $1.16
-
10042 N 14th Street #a Or B Phoenix, AZ 1
- 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,196 Sqft ∙ Built 1983
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,200
- $1.00
-
10631 N 15th Way #2 Phoenix, AZ 2
- 2 beds 3 baths ∙ 1,121 Sqft ∙ Built 1987 2 beds 3 baths ∙ 1,121 Sqft ∙ Built 1987
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,275
- $1.14
-
1164 E Cheryl Drive Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,425
- $1.19
-
1122 E Cochise Drive Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,298 Sqft ∙ Built 1978
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.23
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171449
Last Updated: 12/15/2020
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.
