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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $244.11
- 3 Days on Market
- MLS # : 6165040
- Updated Date : 11/27/2020 at 01:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,884 sqft
- Baths : 2 full
Listing Agent
Century 21 Northwest
Listing Agent's Description
STOP, LOOK and OFFER!!! No HOA... This beautiful home features Plantation Shutters, Wood Flooring in the Kitchen, Dining Room & Master Bedroom, Large Family Room has 12ft Vaulted Ceilings & Dark Wood Beams, and a fireplace which is great to cuddle up to on those chilly winter nights! Enjoy the outdoor space with a dip in the beautiful 9ft diving pool which has been recently resurfaced. Extended pitched covered patio, RV gate and extended gravel area and an enclosed workshop or storage room in the side yard! 2014 Trane A/C unit with programmable Thermostat. Located in a very desirable neighborhood near SR-51 and Shea Blvd. Short drive to Paradise Valley, Central Phoenix, North Phoenix, and Scottsdale areas for Fine Dining, Shopping and Entertainment.
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PRICE & RENT TRENDS
Neighborhood: Cavalier Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cavalier Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$290 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$299
|
||
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.
$459,900
PROJECTED PRICE
$1,850
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$127,624
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,975 |
| Loan Amount | $344,925 |
2.33
YEARS SAVED
$9,212
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,846
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
11646 N 38th Place Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,850
- $0.98
-
3743 E Yucca Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.91
-
3627 E Sunnyside Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1965
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,900
- $0.99
-
3811 E Lupine Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,900
- $0.94
-
3702 E Shaw Butte Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,000
- $1.08
PROPERTY LISTING DETAILS
Century 21 Northwest
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165040
Last Updated: 11/27/2020
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.
