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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $255.28
- 2 Days on Market
- MLS # : 6173179
- Updated Date : 12/19/2020 at 12:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,563 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Scottsdale Llc
Listing Agent's Description
Nice 3 bedroom house. Tile , carpet on top story,Black appliances, Vaulted ceilings, Large windows double pane overlooks large back yard.Fireplace in family room,ceiling fans,Mountain Park Ranch has 3 community pools , one is heated, spas, tennis courts, volleyball courts, parks, hiking... HOA is only $26 per month.
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PRICE & RENT TRENDS
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$284 | |
| Property Insurance | -$58 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$177
|
||
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.
$399,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
3.33
YEARS SAVED
$12,953
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,735
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
14443 S 43rd Place Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $1.11
-
14606 S 43rd Street Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1992
![property image]()
LEASED 10/18/20- Rent
- Rent Per SQFT
- $1,675
- $1.03
-
4617 E Lavender Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994
![property image]()
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,750
- $1.14
-
14415 S Cholla Canyon Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.09
-
14446 S 44th Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1994
![property image]()
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,925
- $1.18
PROPERTY LISTING DETAILS
Realty One Scottsdale Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173179
Last Updated: 12/19/2020
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.
