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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $278.90
- 3 Days on Market
- MLS # : 6166971
- Updated Date : 12/03/2020 at 21:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,171 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
SHOWINGS TO BEGIN ON SATURDAY DECEMBER 5TH. WHAT AN AMAZING HOME! PERSONALIZED TOUCHES AROUND EVERY CORNER. INSIDE: SMART HOME ACCESSES THE LIGHTS, DOORS, SMART THERMOSTAT, AND SECURITY SYSTEM. APPLIANCES AND CARPET REPLACED IN 2016, NEW AC SYSTEM IN 2019 WITH HUMIDIFIER AND UV FILTRATION, TANKLESS WATER HEATER WITH R/C PUMP INSTALLED IN 2018. OWNED SECURITY SYSTEM TRANSFERS. FULL HOME WATER FILTRATION SYSTEM, UNDER KITCHEN SINK R/O SYSTEM. WOOD FLOORS AND GRANITE COUNTERS. // OUTSIDE: EXTRA WIDE RV GATE AND PAVED AREA W/ COMPLETE HOOKUPS (50AMP ELECTRICITY, WATER AND PUBLIC SEWAGE DRAIN). TUFF SHED, ALL POOL EQUIPMENT INCLUDING SWEEPER, NEW MULTI-STAGE POOL PUMP MARCH 2020, EXTERIOR PAINTED 2018, NEW ENTRY GATES WITH AUTO SHUT. NEW FRONT DOOR TO BE INSTALLED BEFORE CLOSING.
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PRICE & RENT TRENDS
Neighborhood: Moon Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moon Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$2,234 |
| Property Tax | -$361 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$534
|
||
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.
$605,500
PROJECTED PRICE
$2,230
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$166,208
LOAN DETAILS
$2,234
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $151,375 |
| Loan Amount | $454,125 |
1.5
YEARS SAVED
$5,684
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,252
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
13651 N Canterbury Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1966
![property image]()
- Rent
- Rent Per SQFT
- $2,230
- $1.03
-
13249 N 14th Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971
![property image]()
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
230 E Wood Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
238 E Surrey Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1981
![property image]()
LEASED 11/15/19- Rent
- Rent Per SQFT
- $2,150
- $1.17
-
14419 N 5th Street Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 1973
![property image]()
LEASED 09/03/19- Rent
- Rent Per SQFT
- $2,250
- $1.05
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166971
Last Updated: 12/03/2020
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.
