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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $168.31
- 3 Days on Market
- MLS # : 6174514
- Updated Date : 12/26/2020 at 21:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,931 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This single-story 4BR/2BA home , is nestled in a Cul De Sac w/trendy updates. The kitchen offers granite countertops and updated cabinets opening up to the cozy family room w/wood burning fireplace. Step into the outdoor living relaxing in a gated Pebble Tec pool that sits on large lot. Side yard contains a large insulated storage shed on one side and RV gate on the other. Garage is equipped with a evap-cooler and sink. No HOA! So yes you can park that RV on your property! Act quickly, this one won't last long!
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PRICE & RENT TRENDS
Neighborhood: Fairwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$194 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$63
|
||
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.
$325,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.6% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.67
YEARS SAVED
$30,912
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,757
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
11615 N 41st Lane Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,620
- $0.84
-
11002 N 45th Lane Glendale, AZ 1
- 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1973
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,545
- $0.88
-
4032 W Shangri La Road Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1973
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,575
- $0.91
-
11815 N 42nd Drive Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,575
- $0.89
-
4107 W Shangri La Road Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1972
LEASED 01/25/20- Rent
- Rent Per SQFT
- $1,695
- $0.96
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174514
Last Updated: 12/26/2020
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.
