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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $185.40
- 3 Days on Market
- MLS # : 6196747
- Updated Date : 02/19/2021 at 21:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,699 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Very charming 3 bed/2 bath ranch style home available in north Phoenix. Excellent location just minutes from the Loop 101, the I-17 and lots of popular shopping and dining. Must see interior is open and bright with low maintenance tile flooring and large windows for soft natural lighting throughout. Spacious living area opens to a den with lots of possibilities. Perfect for gathering friends and family the inviting eat in kitchen is complete with lots of cabinet and counter space and an island w/ breakfast bar. Bedrooms are generously sized and the owners suite includes a walk-in closet and a private ensuite. Bonus room with glass sliders to to huge backyard. Here you will find plenty of room for pets, play, or even a pool. This gem is a must see. Don't miss it. New AC installed 2/16/2021
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PRICE & RENT TRENDS
Neighborhood: National Emblem Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: National Emblem Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$189 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2
|
||
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.
$315,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.6% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
5.5
YEARS SAVED
$18,551
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,584
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1608 W Rockwood Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1628 W Sack Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1973
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
18045 N 20th Drive Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1972
![property image]()
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,495
- $0.91
-
18806 N 6th Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 1984
![property image]()
LEASED 12/16/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
1108 W Muriel Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1976
![property image]()
LEASED 02/18/21- Rent
- Rent Per SQFT
- $1,765
- $0.97
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196747
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.
