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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $257.47
- 3 Days on Market
- MLS # : 6195468
- Updated Date : 02/19/2021 at 22:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,942 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
This just in! SPACIOUS Spanish-style 3 bed 2 bath home with NO HOA fees! Beautiful courtyard leads to the house! Clay tile sweeps across the home into an open family and dining room. Wonderful family room accompanies a fireplace and breakfast bar! Beautiful chef's kitchen opens to family room and is functional with granite countertops, stainless steel appliances, gas stovetop, and lots of cabinets. Spacious master bedroom with 2 big closets and separate door to go to outside backyard patio! Both bathrooms have granite countertops and double vanities! Backyard with mountain views, Moon Valley Gardens location and resort style backyard and amenities including remodeled pool and spa with gas heater! Too many upgrades to mention, see documents tab for full list.
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PRICE & RENT TRENDS
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$298 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$479
|
||
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.
$500,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.4% |
| 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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
1.25
YEARS SAVED
$2,654
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,840
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
13201 N 13th Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,720
- $0.89
-
13129 N 21st Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,575
- $0.95
-
16 E Willow Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982
LEASED 02/07/21- Rent
- Rent Per SQFT
- $1,750
- $0.90
-
13249 N 14th Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
1639 W Acoma Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 1991
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.96
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195468
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
