Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $224.69
- 3 Days on Market
- MLS # : 6196606
- Updated Date : 02/20/2021 at 14:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,669 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Modern open floor plan. Brand new kitchen. All New plumbing inside. Both Bathrooms completely remodeled from foundation to ceiling. All new tile and carpet flooring (in bedrooms) throughout house. Large Laundry Room. Built in barbecue with deck and patio.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$236 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$97
|
||
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.
$375,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.6% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
4.25
YEARS SAVED
$15,206
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,707
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
14010 N 40th Place Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1975
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.96
-
3761 E Pershing Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1973
![property image]()
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,500
- $1.02
-
14016 N 37th Way Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1970
![property image]()
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,699
- $1.08
-
3827 E Friess Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970
![property image]()
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,775
- $0.99
-
14801 N 37th Place Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972
![property image]()
LEASED 11/28/20- Rent
- Rent Per SQFT
- $1,845
- $1.00
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196606
Last Updated: 02/20/2021
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.
