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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $268.03
- 2 Days on Market
- MLS # : 6178198
- Updated Date : 01/09/2021 at 18:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,414 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Updated spacious 3 Bedroom + 2 FULL bath home with additional bonus room. Nice bright 3rd bedroom with added bonus room perfect for at-home learning or working from home. Remodeled Kitchen with ample cabinetry, great for cooking and entertaining. Safely staying-home is where our oasis needs, enjoy this sparkling pool, jacuzzi, covered patio, and custom surround sound throughout. Private walled backyard is peaceful with mature trees, grass and flowering bushes. Other features include fireplace, newer AC, newer roof, and covered parking, all on a quiet street in a friendly neighborhood. Close enough to the light rail, walking/biking near the newly renovated grand canal, and conveniently close to downtown, shopping and entertainment. It's a must see!
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PRICE & RENT TRENDS
Neighborhood: Cox Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cox Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,316 |
| Property Tax | -$200 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$120
|
||
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.
$379,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.4% |
| 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
$106,185
LOAN DETAILS
$1,316
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
3.92
YEARS SAVED
$13,797
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
-
$1,548
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
1311 W Elm Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1956
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4537 N 15th Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,499
- $1.15
-
1501 W Hazelwood Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.04
-
4508 N 15th Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
1214 W Highland Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1956
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,795
- $1.15
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178198
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.
