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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $224.70
- 5 Days on Market
- MLS # : 6183312
- Updated Date : 01/20/2021 at 17:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,737 sqft
- Baths : 2 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Fantastic Custom Built 4 bedroom 2.5 bath 3 Car Garage on 1.1 acre lot. ALL Paved Roads to the property!! Master Bedroom is on the Main Floor. Walk in closet. Custom features are knotty alder cabinets, smooth cooktop, Built in wall oven, Newer carpet throughout, tile floors, Viga Beams, Formal living, dining with separate family room and fireplace. Separate laundry room, Huge vaulted ceilings. Circle driveway. Courtyard entry and fenced back yard. Nice views. Cave Creek Water, Fantastic location and space.
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PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,940 |
| EXPENSES | Loan Payment | -$2,136 |
| Property Tax | -$341 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$284
|
||
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.
$615,000
PROJECTED PRICE
$2,940
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$168,725
LOAN DETAILS
$2,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
7.67
YEARS SAVED
$62,802
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,940
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$3,175
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
1619 E Dolores Road Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,940
- $1.07
-
1412 E Chickasaw Court Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,300
- $1.16
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183312
Last Updated: 01/20/2021
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.
