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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $273.41
- 4 Days on Market
- MLS # : 6198888
- Updated Date : 02/26/2021 at 15:32
CONSTRUCTION
- Beds : 4
- Floor Size : 929 sqft
- Baths : 2 full
Listing Agent
Best Homes Real Estate, Llc
Listing Agent's Description
This charming 4bed/2bath move-in ready home sits on a 1/4 Acre lot just minutes from all downtown Phoenix has to offer. Enjoy mountain views from your front porch, horse privileges, and NO HOA! The interior features an open split floor plan, neutral colors scheme, updated kitchen with granite countertops, tile walk-in showers, and a spacious laundry/utility room. The electrical, plumbing, water heater, and roof have all been updated over the last few years. You will love the full length rear patio and large RV gate off the alley. County Assessor square footage does not include 336 sq ft addition that was added in 2015. Close proximity to schools, shopping, entertainment, restaurants, and freeway access. Don't miss out on this wonderful opportunity, schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,000 |
| EXPENSES | Loan Payment | -$882 |
| Property Tax | -$165 | |
| Property Insurance | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$192
|
||
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.
$254,000
PROJECTED PRICE
$1,000
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.9% |
| 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
$73,060
LOAN DETAILS
$882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,500 |
| Loan Amount | $190,500 |
1.92
YEARS SAVED
$3,057
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,000
LIST RENT -
$1.08
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
1528 W Wier Avenue Phoenix, AZ
- 4 beds 2 baths ∙ 929 Sqft ∙ Built 1951 4 beds 2 baths ∙ 929 Sqft ∙ Built 1951
![property image]()
- Rent
- Rent Per SQFT
- $1,000
- $1.08
PROPERTY LISTING DETAILS
Best Homes Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198888
Last Updated: 02/26/2021
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.
