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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $223.94
- 2 Days on Market
- MLS # : 6174507
- Updated Date : 12/26/2020 at 11:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,322 sqft
- Baths : 2 full
Listing Agent
Locality Real Estate
Listing Agent's Description
There are so many things we do at home these days: work, go to school, play, entertain, relax, prepare, dream. Why not make your new home the perfect place to do all these things? Mountain views, new roof, new water heater, easy access to the 202, very close to the South Mountain Trailheads for hiking, biking and horseback riding, nearby restaurants and shopping, top rated school districts. When you ask people who live in Ahwatukee why they stay you will often hear about the close community ties, the generosity of the neighbors, the beautiful views, the best schools, the feeling of being away from it all while everything is still so close by. Come grab your opportunity to be a part of this amazing community! Be sure to check out the video in the Photos Tab!
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PRICE & RENT TRENDS
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,270 |
| EXPENSES | Loan Payment | -$1,919 |
| Property Tax | -$370 | |
| Property Insurance | -$72 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$195
|
||
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.
$520,000
PROJECTED PRICE
$2,270
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$143,550
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
3.5
YEARS SAVED
$19,091
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,270
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,235
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1311 W Muirwood Drive Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $2,270
- $0.98
-
626 W Thunderhill Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1996
LEASED 09/14/19- Rent
- Rent Per SQFT
- $1,795
- $0.89
-
16447 S 16th Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1998
LEASED 10/26/19- Rent
- Rent Per SQFT
- $2,195
- $0.96
-
626 W Mountain Vista Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.99
-
1347 W Deer Creek Road Phoenix, AZ 5
- 3 beds 2 baths ∙ 2,280 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,280 Sqft ∙ Built 1997
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,300
- $1.01
PROPERTY LISTING DETAILS
Locality Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174507
Last Updated: 12/26/2020
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.
