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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $187.34
- 3 Days on Market
- MLS # : 6181076
- Updated Date : 01/14/2021 at 23:21
CONSTRUCTION
- Beds : 2
- Floor Size : 1,548 sqft
- Baths : 2 full , 1 half
Listing Agent
United Brokers Group
Listing Agent's Description
You don't want to miss this cute, newly painted, newly carpeted home in Goldwater Lakes - an adorable lake community with tennis courts, a pool, and a 1/4 mile from shopping and restaurants. Home has a rustic feel to it with beautiful wood beams adorning the vaulted ceiling. The sunken living room with beautiful fireplace welcomes you to settle in and kick up your feet. Back patio is large and backs to a green space giving you lots of space for backyard fun. This home boasts 2 master bedrooms, an eat-in kitchen and gorgeous oversized windows that bring in all the natural light you could want. Refrigerator, washer, dryer included. Come see it today and make it yours!
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PRICE & RENT TRENDS
Neighborhood: Lake Biltmore Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Biltmore Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$173 | |
| Property Insurance | -$57 | |
| HOA | -$127 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$154
|
||
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.
$290,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.7% |
| 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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
2.58
YEARS SAVED
$5,874
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.85
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
11449 N 30th Avenue Phoenix, AZ
- 2 beds 3 baths ∙ 1,548 Sqft ∙ Built 1976 2 beds 3 baths ∙ 1,548 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $1,310
- $0.85
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181076
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
