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PROPERTY INFO
FACTS
- Single Family
- Built In 1930
- Price/Sqft : $352.17
- 7 Days on Market
- MLS # : 6161154
- Updated Date : 11/16/2020 at 18:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,150 sqft
- Baths : 1 full
Listing Agent
Retro Real Estate
Listing Agent's Description
A featured home on the 2019 FQ Story Home Tour, this 3 bed 1 bath red brick early ranch home is a stunner! Full of personality and fun its been tastefully updated including massive curb appeal and new wood flooring throughout and beautiful tile in the kitchen and dining room. The huge backyard and large storage shed round out this historic district home.
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PRICE & RENT TRENDS
Neighborhood: Story
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Story
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$216 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$519
|
||
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.
$405,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| 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
$113,075
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
0.42
YEARS SAVED
$626
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,285
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
1337 W Latham Street Phoenix, AZ 3
- 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1930
- Rent
- Rent Per SQFT
- $1,340
- $1.17
-
1064 W Taylor Street Phoenix, AZ 1
- 3 beds 1 baths ∙ 906 Sqft ∙ Built 1950 3 beds 1 baths ∙ 906 Sqft ∙ Built 1950
LEASED 12/17/19- Rent
- Rent Per SQFT
- $995
- $1.10
-
1907 W Monte Vista Road Phoenix, AZ 2
- 4 beds 1 baths ∙ 1,096 Sqft ∙ Built 1935 4 beds 1 baths ∙ 1,096 Sqft ∙ Built 1935
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,249
- $1.14
-
550 W Cambridge Avenue Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,575
- $1.12
-
722 W Portland Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1931 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1931
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.11
PROPERTY LISTING DETAILS
Retro Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161154
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.
