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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $154.95
- 2 Days on Market
- MLS # : 6161704
- Updated Date : 11/21/2020 at 16:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,678 sqft
- Baths : 2 full
Listing Agent
Phoenix Urban Spaces
Listing Agent's Description
This beautiful 3 bedroom 2 bath house sits on a desirable corner lot. With new paint, carpet, dishwasher, and microwave it is move in ready. The den sits off main great room and can easily be converted to a 4th bedroom if needed. The master is split from the other bedrooms. Perfect location with entertainment, restaurants, and parks close by. This gem won't last long! Buyer to verify all school information. We will be reviewing all offers on Monday 11/23. Showings to begin Saturday 11/21.
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PRICE & RENT TRENDS
Neighborhood: Wigwam Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wigwam Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$164 | |
| Property Insurance | -$60 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$226
|
||
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.
$260,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.60%
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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
10
YEARS SAVED
$43,640
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
-
$1,577
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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- $0
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12640 W Windsor Boulevard Litchfield Park, AZ 2
- 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003
LEASED 01/25/20- Rent
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- $1,475
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12601 W Reade Avenue Litchfield Park, AZ 3
- 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2002
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,485
- $0.92
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12627 W Windsor Boulevard Litchfield Park, AZ 4
- 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,499
- $0.94
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12514 W Bird Lane Litchfield Park, AZ 5
- 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,625
- $0.97
PROPERTY LISTING DETAILS
Phoenix Urban Spaces
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161704
Last Updated: 11/21/2020
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.
