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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $252.53
- 3 Days on Market
- MLS # : 6195861
- Updated Date : 02/19/2021 at 20:47
CONSTRUCTION
- Beds : 4
- Floor Size : 1,778 sqft
- Baths : 2 full
Listing Agent
Tukee Homes Realty Llc
Listing Agent's Description
Welcome to this stunning single level home that checks all the boxes when it comes to choosing the perfect home for your family. First: Location! It sits on a quiet cul-de-sac and preserve with nearby access to endless mountain trails for hiking and biking. Second: Living space! At just under 1,800 square feet there's enough space for everyone to work & school-from-home. The 4-bedroom open floor plan lends an inviting/cozy feel yet is roomy enough to host your family and friends or find a spot for your own quiet time. The taupe-hued walls juxtaposed with the rich color of the slate stone flooring add warmth and style, plus they're easy to clean and cool underfoot for our hot summers. Third: The backyard is an idyllic setting for coffee in the morning or a private, peaceful spot after a
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PRICE & RENT TRENDS
Neighborhood: The Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,560 |
| Property Tax | -$320 | |
| Property Insurance | -$62 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$126
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$449,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 1.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$124,735
LOAN DETAILS
$1,560
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
3.58
YEARS SAVED
$14,826
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,938
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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15055 S 14th Place Phoenix, AZ 3
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- $1,920
- $1.08
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15429 S 21st Place Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1991
LEASED 08/18/20- Rent
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- $1,795
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1401 E Sapium Way Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,920
- $1.08
-
1402 E Cathedral Rock Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,950
- $1.11
-
1413 E Goldenrod Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.18
PROPERTY LISTING DETAILS
Tukee Homes Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195861
Last Updated: 02/19/2021
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.
