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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $220.82
- 7 Days on Market
- MLS # : 6153956
- Updated Date : 11/17/2020 at 13:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,902 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
4 car Garage 2g part of shop 2g attached to home.! If you are looking for a WorkShop this is the home for you! The separate Work Shop has a 2 car garage 1000 sq ft and has a RV gate behind it, you access it through the alley. Also a huge slab parking outside of shop. Home also has attached 2 car garage. Kitchen was remodeled gas stove. Tile floors throughout. New dual pain windows, new AC. Huge game room, large enough for pool table, this could easily be turned into spacious bedroom or office .
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PRICE & RENT TRENDS
Neighborhood: Topaz Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Topaz Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$265 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$377
|
||
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.
$420,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| 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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
1.58
YEARS SAVED
$4,394
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,769
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
12216 N 28th Place Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.84
-
2709 E Sylvia Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,575
- $0.85
-
2733 E Larkspur Drive Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1970
![property image]()
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,675
- $0.92
-
12629 N 33rd Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1973
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
2706 E Sylvia Street Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.97
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6153956
Last Updated: 11/17/2020
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.
