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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $218.28
- 2 Days on Market
- MLS # : 6203412
- Updated Date : 03/06/2021 at 15:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,718 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Original estate sale home 3 bedroom, 2 bath, 2 car garage with no HOA and large N/S exposure lot in central Phoenix! Solid block home built in 1964 purchased from the original estate and ready for you to make your dream home. Mid century home with original carved front door, kitchen open to family room with wood burning fireplace, formal living with original post beam formal dining room. Hard to find attached 2 car garage plus you can add an RV gate to exterior block wall fence for additional parking if needed! Architectural shingle roof by Scott Roofing installed in 2010. HVAC electric plus gas heating replaced approximately 12-15 years ago.
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PRICE & RENT TRENDS
Neighborhood: Maryland Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryland Gardens
* 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 | -$224 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$86
|
||
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.
$375,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.2% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
4.33
YEARS SAVED
$15,628
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1501 W Tuckey Lane Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1964
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1725 W Marlette Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970
![property image]()
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
1812 W Claremont Street Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,495
- $0.96
-
1814 W Vista Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.96
-
6837 N 8th Avenue Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1955
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203412
Last Updated: 03/06/2021
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.
