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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $164.37
- 2 Days on Market
- MLS # : 6209983
- Updated Date : 03/21/2021 at 00:45
CONSTRUCTION
- Beds : 4
- Floor Size : 1,855 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
COME AND VISIT THIS BEAUTIFUL TREND HOME W/1,856 SQ. FT. OF LIVING SPACE ON A 6,245 SQ FT LOT. NICELY UPGRADED. GREAT FLOORING, GRANITE COUNTER TOPS AND BEAUTIFUL UPGRADED CABINETS. ENJOY THE BACKYARD WITH A WOOD FIRE PIT AND SITTING AREA. 2.5 BATHS NICELY DONE. MASTER BEDROOM BATH HAS COMBO TUB/SHOWER, SEPARATE TOILET ROOM .LAUNDRY ROOM ON 2ND FLOOR. STAIR CASE VERY WELL DONE IN WOOD LIKE MATERIAL.GRASS IN THE BACK. GOOD CHOICE ON LAMINATE FLOORING ON BOTH LEVELS. TILE IN KITCHEN AND BATHS, CARPET IN BEDROOMS. GARAGE HAS LOTS OF CABINETS AND WORK BENCH, ELECTRIC DOOR OPENER AND SIDE DOOR ENTRY.LET'S GET MOVING!
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PRICE & RENT TRENDS
Neighborhood: Cambridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cambridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$218 | |
| Property Insurance | -$63 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$115
|
||
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.
$304,900
PROJECTED PRICE
$1,390
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$86,549
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,225 |
| Loan Amount | $228,675 |
3.42
YEARS SAVED
$8,639
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,572
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
12196 W Flanagan Street Avondale, AZ 1
- 4 beds 3 baths ∙ 1,855 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,855 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,390
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817 S 122nd Avenue Avondale, AZ 2
- 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2004
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,500
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12219 W Hadley Street Avondale, AZ 3
- 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2003
LEASED 03/01/21- Rent
- Rent Per SQFT
- $1,595
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-
11959 W Belmont Drive Avondale, AZ 4
- 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002
LEASED 02/08/21- Rent
- Rent Per SQFT
- $1,650
- $0.89
-
810 S 119th Avenue Avondale, AZ 5
- 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2003
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,695
- $0.89
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6209983
Last Updated: 03/21/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
