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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $169.01
- 6 Days on Market
- MLS # : 6161319
- Updated Date : 11/16/2020 at 20:44
CONSTRUCTION
- Beds : 4
- Floor Size : 1,710 sqft
- Baths : 2 full
Listing Agent
Sold Investments Llc
Listing Agent's Description
Great home with huge potential. Renter in place for an investor, remodel, or an amazing home to rehab and stay. Home offers a family and living room with large kitchen. Oversized master bedroom and an inside laundry. Home does have Solar which is leased and can be transferred. NEW A/C unit as of October. Renter is in place until Feb 2021 paying $1518 a month.
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PRICE & RENT TRENDS
Neighborhood: Surrey Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Surrey Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$172 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$38
|
||
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.
$289,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.9% |
| 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
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
5.08
YEARS SAVED
$17,515
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
-
$1,389
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
13225 N 31st Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3518 W Eugie Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.74
-
13813 N 36th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,425
- $0.77
-
12425 N 30th Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
![property image]()
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
3554 W Gelding Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1971
![property image]()
LEASED 09/23/20- Rent
- Rent Per SQFT
- $1,500
- $0.89
PROPERTY LISTING DETAILS
Sold Investments Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161319
Last Updated: 11/16/2020
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.
