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PROPERTY INFO
FACTS
- Single Family
- Built In 1930
- Price/Sqft : $392.74
- 5 Days on Market
- MLS # : 6176699
- Updated Date : 01/13/2021 at 18:31
CONSTRUCTION
- Beds : 2
- Floor Size : 840 sqft
- Baths : 1 full
Listing Agent
Hague Partners
Listing Agent's Description
72HOUR HOME SALE! Incredible opportunity to own this 2bed/1bath 1930's Bungalow in the FQ Story Historic District! Situated on a large premium corner lot this gem features great curb appeal leading into the light and bright interior with a fireplace in living, beautiful wood flooring and charming original details throughout. Updated kitchen boasts a stainless steel gas range. Gorgeous bathroom includes a clawfoot tub, pedestal sink and period tile. Enjoy mornings and evenings on the paver patio. Perfect for sipping coffee or a BBQ. Amazing location, steps to dining, shopping, parks and easy access to I-10. Plenty of space for additions to sq/ft and adding value. Truly a must see at this price!
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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 | $1,120 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$216 | |
| Property Insurance | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$385
|
||
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.
$329,900
PROJECTED PRICE
$1,120
PROJECTED RENT
0.34%
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
$93,174
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
0.5
YEARS SAVED
$549
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
-
$1,048
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
1348 W Portland Street Phoenix, AZ 1
- 2 beds 1 baths ∙ 840 Sqft ∙ Built 1930 2 beds 1 baths ∙ 840 Sqft ∙ Built 1930
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1610 N 17th Avenue #3 Phoenix, AZ 2
- 2 beds 1 baths ∙ 630 Sqft ∙ Built 1946 2 beds 1 baths ∙ 630 Sqft ∙ Built 1946
![property image]()
LEASED 08/28/20- Rent
- Rent Per SQFT
- $795
- $1.26
-
1321 W Mcdowell Road #7 Phoenix, AZ 3
- 2 beds 1 baths ∙ 689 Sqft ∙ Built 1945 2 beds 1 baths ∙ 689 Sqft ∙ Built 1945
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $850
- $1.23
-
1317 W Mcdowell Road #1 Phoenix, AZ 4
- 2 beds 1 baths ∙ 689 Sqft ∙ Built 1945 2 beds 1 baths ∙ 689 Sqft ∙ Built 1945
![property image]()
LEASED 08/29/20- Rent
- Rent Per SQFT
- $875
- $1.27
-
1714 N 17th Avenue Phoenix, AZ 5
- 2 beds 1 baths ∙ 1,132 Sqft ∙ Built 1916 2 beds 1 baths ∙ 1,132 Sqft ∙ Built 1916
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,395
- $1.23
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176699
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
