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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $174.21
- 3 Days on Market
- MLS # : 6156826
- Updated Date : 11/06/2020 at 13:25
CONSTRUCTION
- Beds : 5
- Floor Size : 2,520 sqft
- Baths : 2 full
Listing Agent
Az Lane Realty
Listing Agent's Description
Do not miss out on this fantastic opportunity to own this 5bed/2bath home with no HOA. Great curb appeal with 3 car garage and RV gate leads you into the light and bright interior featuring soaring vaulted ceilings, a spacious fluid floor plan, plush carpet and tile in all the right places. Large kitchen boasts stainless steel appliances, gas range, granite counter tops, a plethora of cabinets and center island with breakfast bar. Perfect for gathering with friends and family. Lovely master and en suite with dual sinks, soaking tub and separate shower. Step out to your extended length covered patio and enjoy your own private oasis. Complete with fenced sparkling pool, built in BBQ and large grassy area. You will never want to leave. Schedule your private showing today and make it yours!
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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 | $1,860 |
| EXPENSES | Loan Payment | -$1,620 |
| Property Tax | -$285 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$220
|
||
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.
$439,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.42%
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
$122,085
LOAN DETAILS
$1,620
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
3.25
YEARS SAVED
$13,474
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
-
$1,997
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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- $1,850
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1623 E Greenway Road Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 1999
LEASED 10/01/19- Rent
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- $1,950
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2445 E Darrel Road Phoenix, AZ 5
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LEASED 08/31/19- Rent
- Rent Per SQFT
- $2,299
- $0.81
PROPERTY LISTING DETAILS
Az Lane Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6156826
Last Updated: 11/06/2020
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.
