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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $215.11
- 7 Days on Market
- MLS # : 6176665
- Updated Date : 01/09/2021 at 22:47
CONSTRUCTION
- Beds : 4
- Floor Size : 3,045 sqft
- Baths : 4 full
Listing Agent
Realty One Group
Listing Agent's Description
At the top of this Presidio Heights location is a gated Italian villa on an elevated mountainside slope with stunning views of the Valley. Home includes 3 wood-burning Fireplaces, 3+ Bedrooms, 3+ Bathrooms, Study/Office, Media/Game room, 3 Private Terraces. A gorgeous kitchen with Imported Iroko wood cabinets/granite counters, stainless steel appliances, and decorative plaster frieze sculptures from Milan. An architecturally charming home with double staircases, allowing for transitional flow within separate living areas. Follow the steps to a private master bedroom with fireplace & expansive area views has a private screened terrace with separate exit leading to either an elevated entertainment space or to the pool, outdoor shower, surrounded by desert flora around the expansive property.
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PRICE & RENT TRENDS
Neighborhood: Presidio Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Presidio Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$2,275 |
| Property Tax | -$413 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$313
|
||
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.
$655,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$179,325
LOAN DETAILS
$2,275
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $163,750 |
| Loan Amount | $491,250 |
2.92
YEARS SAVED
$15,112
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
-
$2,578
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
13610 N 17th Place Phoenix, AZ 1
- 4 beds 4 baths ∙ 3,045 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,045 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $0
- $0.00
-
110 E Joan D Arc Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 1973
LEASED 11/30/19- Rent
- Rent Per SQFT
- $2,200
- $0.76
-
801 E Waltann Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980
LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,595
- $0.90
-
14241 N 14th Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 3,079 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,079 Sqft ∙ Built 1994
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,700
- $0.88
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176665
Last Updated: 01/09/2021
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.
