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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $203.15
- 4 Days on Market
- MLS # : 6169557
- Updated Date : 12/09/2020 at 18:51
CONSTRUCTION
- Beds : 2
- Floor Size : 1,206 sqft
- Baths : 2 full
Listing Agent
Occasio Realty
Listing Agent's Description
Great 2 bed / 2 bath with comfortable surroundings. Open great room with high ceilings and a large master suite. The kitchen features an island with breakfast bar and large pantry. Balcony off the dining area, open the sliding door for a nice breeze. Reserved parking space, single car garage & direct entry inside the town home. Great location in the community. Beautifully updated white cabinets and new carpet! Easy walk to the pool! Dog park is located in the back of the subdivision, along with picnic tables and nice common area to enjoy. Great location for freeway access to anywhere!
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PRICE & RENT TRENDS
Neighborhood: Enclave Villas Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enclave Villas Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$155 | |
| Property Insurance | -$51 | |
| HOA | -$230 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$59
|
||
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.
$245,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.8% |
| 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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
3.67
YEARS SAVED
$9,749
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,372
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
1225 N 36th Street #2099 Phoenix, AZ 1
- 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1225 N 36th Street #2107 Phoenix, AZ 2
- 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,350
- $1.12
-
1225 N 36th Street #2065 Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,390
- $1.15
-
1225 N 36th Street #2019 Phoenix, AZ 4
- 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006
LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,400
- $1.16
-
1225 N 36th Street #1104 Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.12
PROPERTY LISTING DETAILS
Occasio Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169557
Last Updated: 12/09/2020
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.
