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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $257.01
- 1 Days on Market
- MLS # : 6173300
- Updated Date : 12/19/2020 at 21:59
CONSTRUCTION
- Beds : 5
- Floor Size : 4,669 sqft
- Baths : 4 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Rare opportunity to purchase this beautifully remodeled basement home listed on the market for the very first time ever! Pride of ownership is on display as this home has been in the family since it was built in 1980. Brand new roof in 2019, new flooring throughout, great room floor plan, RV parking, elevated lot, mountain views, remodeled bathrooms and fresh paint inside & out are only some of the many features found in this 4,667 sq ft home. With 5 beds & 4 baths there's plenty of room for a large family. Spectacular grass filled backyard featuring a huge covered patio and a beautiful sparkling diving pool. This beautiful and quiet neighborhood is only minutes from Biltmore & Arcadia and the many fantastic restaurants and shopping on display nearby. Get here fast for a look!!
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PRICE & RENT TRENDS
Neighborhood: Dreamy Draw Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dreamy Draw Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,760 |
| EXPENSES | Loan Payment | -$4,427 |
| Property Tax | -$756 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,640
|
||
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.
$1,200,000
PROJECTED PRICE
$3,760
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| 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
$323,750
LOAN DETAILS
$4,427
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $300,000 |
| Loan Amount | $900,000 |
0.25
YEARS SAVED
$397
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
-
$4,762
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1609 E Butler Drive Phoenix, AZ 1
- 5 beds 4 baths ∙ 4,669 Sqft ∙ Built 1980 5 beds 4 baths ∙ 4,669 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
-
120 W Kaler Drive Phoenix, AZ 2
- 6 beds 5 baths ∙ 4,684 Sqft ∙ Built 1978 6 beds 5 baths ∙ 4,684 Sqft ∙ Built 1978
LEASED 09/23/19- Rent
- Rent Per SQFT
- $4,800
- $1.02
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173300
Last Updated: 12/19/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
