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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $200.23
- 3 Days on Market
- MLS # : 6196625
- Updated Date : 02/19/2021 at 22:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,748 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Marvelous in Moon Valley Gardens! Well maintained by the same owner since 2002, the features on this 3 bed/2 bath home are sure to elicit happiness from the new owner! Classic slump block construction & various updates include: 2yr old remodeled kitchen w/granite counters, pretty backsplash, double ovens, 3yr old HVAC, 9yr old roof, 10yrs ago bath remodels, 11 yr old dual paned windows, 1 yr old exterior paint. This home has efficient gas heat, water heater, & bbq stub out. Oversized covered rear patio & high profile 8' x 16' ''barn'' style workshop/shed with electricity & plenty of room. The clean & clear diving pool is ready for summer, along w/the lush ''just-the-right-size'' green grassy area. Extra concrete in front of & behind the RV gate to allow for additional vehicles too!
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PRICE & RENT TRENDS
Neighborhood: Moon Valley Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moon Valley Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$209 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$125
|
||
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.
$350,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.7% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
3.67
YEARS SAVED
$11,883
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,643
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
13633 N 21st Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,460
- $0.84
-
1619 W Pershing Avenue Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
14219 N 24th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1979
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,475
- $0.87
-
13129 N 21st Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,575
- $0.95
-
2150 W Eugie Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196625
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
