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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $212.86
- 7 Days on Market
- MLS # : 6174807
- Updated Date : 12/30/2020 at 17:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,208 sqft
- Baths : 3 full
Listing Agent
Phoenix Metro Properties
Listing Agent's Description
WOW! Gorgeously updated North Phoenix Home. Check out this Gourmet Chefs Kitchen with upgrades throughout! Beautiful Mountain Views off the Master Bedroom Walk Out Patio. Entertain with your Built in BBQ and Outdoor Fire Pit, complete with seating. Wrap around Covered Patio provides plenty of space. Private Circular Drive meets your Custom Built & Insulated Front and Garage doors. Extra storage in garage with two 220V connections, Owned Water Softener and R/O System. Upstairs includes a Loft, Two Bedrooms w/ Jack and Jill Bathroom, and Master Bedroom with Walk In Closet. A 4th Bedroom is located downstairs with a private bathroom. Nest, Ring, and Lift Master Smart Home. Plenty of storage throughout. Washer, Dryer and Fridge included. Great Location Too!
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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 | $1,970 |
| EXPENSES | Loan Payment | -$1,734 |
| Property Tax | -$306 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$240
|
||
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.
$470,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.42%
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
$130,300
LOAN DETAILS
$1,734
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
3.08
YEARS SAVED
$13,385
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,899
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
13626 N 18th Street Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1740 E Camino Del Santo -- Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1974
LEASED 07/03/19- Rent
- Rent Per SQFT
- $1,700
- $0.88
-
1742 E Winchcomb Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
13802 N 11th Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
15015 N 20th Place Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,825
- $0.90
PROPERTY LISTING DETAILS
Phoenix Metro Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174807
Last Updated: 12/30/2020
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.
