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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $155.99
- 2 Days on Market
- MLS # : 6196294
- Updated Date : 02/20/2021 at 15:53
CONSTRUCTION
- Beds : 5
- Floor Size : 2,404 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Highly sought after well built Tri-Level Hallcraft home with 5 bedroom/2 bathroom/2 car garage, split floor plan with 2 great room areas, (1 up and 1 down). Home has large open space, amazing natural lighting, open kitchen concept, sparkling pool on oversized lot. Huge laundry room.This will go quickly.
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PRICE & RENT TRENDS
Neighborhood: Deerview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deerview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$224 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$109
|
||
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
$1,590
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.9% |
| 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 |
4.08
YEARS SAVED
$14,321
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.66
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
14632 N 38th Avenue Phoenix, AZ
- 5 beds 3 baths ∙ 2,404 Sqft ∙ Built 1970 5 beds 3 baths ∙ 2,404 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.66
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196294
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.
