Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $268.88
- 2 Days on Market
- MLS # : 6201896
- Updated Date : 03/06/2021 at 11:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,655 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Move in ready single level, well-maintained home on 5th Tee of Foothills Golf Course! 3 bedrooms, 2 baths with travertine tile, engineer cherry wood floors, NO CARPET. Great room floorplan w/plantation shutters, upgraded kitchen with Thomasville cherry cabinets w/pull out drawers, hands free undermount lighting, glass tile backsplash, stainless appliances, convection microwave, Energy Star double oven/stove, & new touch faucet. Upgraded Master bath includes Thomasville double vanity/sink, jacuzzi tub & custom closet cabinetry & Low E Milgard french doors to back. REMODELED pool, variable speed pool pump, new decking, upper deck has amazing mountain and golf course views. Partial new roof, new water heater, sunscreens, bath faucets. Washer/Dryer/Refrigerator convey.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$317 | |
| Property Insurance | -$59 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$147
|
||
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.
$445,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
3.58
YEARS SAVED
$14,009
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$2,019
COMP ESTIMATED VALUE -
$1.22
COMP AVG. RENT PER SQFT
Comps Range
-
16025 S 12th Place Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $1,880
- $1.14
-
1144 E Wildwood Drive Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,559 Sqft ∙ Built 1991
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,000
- $1.28
-
16617 S 14th Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
![property image]()
LEASED 11/07/20- Rent
- Rent Per SQFT
- $2,000
- $1.11
-
16019 S 10th Place Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1996
![property image]()
LEASED 03/05/21- Rent
- Rent Per SQFT
- $2,000
- $1.30
-
16602 S 14th Place Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1990
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.19
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6201896
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.
