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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $294.99
- 3 Days on Market
- MLS # : 6176257
- Updated Date : 01/01/2021 at 22:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,356 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
WELCOME HOME to this 3 bedroom, 2 bath home in the highly desirable North Central Village subdivision. Enjoy family get-togethers in the large family room. Eat in kitchen has a new gas range. Lots of natural light through the large picture window in the living room. Outside separate structure for laundry which includes a utility sink. Close to shopping and highways.
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PRICE & RENT TRENDS
Neighborhood: North Central Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Central Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$239 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$337
|
||
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.
$400,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| 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
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
1.58
YEARS SAVED
$4,521
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,661
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
116 E El Camino Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1956
- Rent
- Rent Per SQFT
- $1,530
- $1.13
-
8434 N Central Avenue #b Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1974
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,500
- $1.15
-
8404 N Central Avenue #c Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1974
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,700
- $1.19
-
902 E Seldon Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,775
- $1.31
-
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
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.25
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176257
Last Updated: 01/01/2021
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.
