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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $319.60
- 37 Days on Market
- MLS # : 6168109
- Updated Date : 01/09/2021 at 06:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,500 sqft
- Baths : 4 full
Listing Agent
Mynd Property Management
Listing Agent's Description
BACK ON MARKET.!!!!Gorgeous, Mid-Century modern. Come and marvel at this thoughtfully designed home in one of the most sought after neighborhoods in Phoenix. Enjoy the perfect fusion of new modern updates, blended perfectly with the characteristics of the original home. Over 500 feet of new livable space in. cluding a beautiful new master suite with modern Milgard sliding glass doors out to your refreshing new pool and completely updated backyard with 30'' pavers throughout, and warm inviting fire pit. Enjoy 4 full bedrooms and 4 full bathrooms, and included ins all that livable footage, enjoy the completely redesigned stand alone casita that can be used as a rental for income or a great space for guests and family. We haven't even begun to talk about the amazing new kitc
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PRICE & RENT TRENDS
Neighborhood: South Country Club Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Country Club Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,330 |
| EXPENSES | Loan Payment | -$2,775 |
| Property Tax | -$421 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,041
|
||
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.
$799,000
PROJECTED PRICE
$2,330
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.3% |
| 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
$217,485
LOAN DETAILS
$2,775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $199,750 |
| Loan Amount | $599,250 |
0.17
YEARS SAVED
$325
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,200
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
1201 E Edgemont Avenue Phoenix, AZ 1
- 4 beds 4 baths ∙ 2,500 Sqft ∙ Built 1955 4 beds 4 baths ∙ 2,500 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1144 W Edgemont Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1950
LEASED 09/21/19- Rent
- Rent Per SQFT
- $2,850
- $1.21
-
1011 W Coronado Road Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1952
LEASED 09/01/19- Rent
- Rent Per SQFT
- $3,200
- $1.23
-
1819 N 11th Avenue Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1937 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1937
LEASED 01/13/20- Rent
- Rent Per SQFT
- $3,495
- $1.40
PROPERTY LISTING DETAILS
Mynd Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168109
Last Updated: 01/09/2021
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.
