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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $255.22
- 2 Days on Market
- MLS # : 6173152
- Updated Date : 12/19/2020 at 10:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,371 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT! 3 bedroom, 2 bath home with sparkling pool!!! GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. The kitchen features updated painted cabinets, quartz counter tops, and a FULL stainless-steel appliance package. A fresh coat of Interior paint. Wood Plank Tile in the main living areas and NEW carpet in the bedrooms. Updated bathrooms. The spacious backyard features a covered patio and a sparkling pool.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$220 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$16
|
||
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.
$349,900
PROJECTED PRICE
$1,680
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
5.83
YEARS SAVED
$27,082
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,501
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
14632 N 37th Place Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,371 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $1.23
-
3510 E Ludlow Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969
![property image]()
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,395
- $1.13
-
14831 N 36th Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1962
![property image]()
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,500
- $1.05
-
3546 E Gelding Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1978
![property image]()
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,595
- $1.13
-
4102 E Karen Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,645
- $1.08
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173152
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.
