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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $220.16
- 3 Days on Market
- MLS # : 6165273
- Updated Date : 11/27/2020 at 12:24
CONSTRUCTION
- Beds : 4
- Floor Size : 2,044 sqft
- Baths : 2 full
Listing Agent
Those Callaways
Listing Agent's Description
MOUNTAIN VIEWS from the front and back of this generous abode with welcoming updated living spaces on a sizable lot measuring over a quarter of an ACRE. Through a set of charming archways and a covered entry you'll find a lovely living room with a vaulted ceiling and clerestory windows. A chandelier-lit dining room with tray ceiling opens to the living room for easy entertaining. Cozy up to the beehive fireplace in the next-door family room, dressed in handsome wood-look flooring. Crisp and clean, the modern kitchen features white hardwood cabinetry, slab granite and stainless appliances. Private-exit master suite with a walk-in closet, dual sinks and a tile-surround shower. A covered back patio reveals a deep yard with mountain views. Bonus long gated side yard and RV gate/parking.
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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 | -$1,660 |
| Property Tax | -$268 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$375
|
||
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.
$450,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.38%
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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
1.75
YEARS SAVED
$6,112
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 -
$0.84
LIST RENT PER SQFT
-
$1,937
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
13205 N 13th Lane Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,720
- $0.84
-
13249 N 14th Drive Phoenix, AZ 2
- 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
-
230 E Wood Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
13443 N 18th Drive Phoenix, AZ 4
- 5 beds 2 baths ∙ 2,002 Sqft ∙ Built 1972 5 beds 2 baths ∙ 2,002 Sqft ∙ Built 1972
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
-
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
Those Callaways
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165273
Last Updated: 11/27/2020
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.
