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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $194.41
- 2 Days on Market
- MLS # : 6203390
- Updated Date : 03/06/2021 at 03:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,466 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Charming 3 bedroom and 2 bath home with open floorplan. Split bedrooms with eco-friendly bamboo flooring. Tiled living areas. Open kitchen with beautiful modern cabinets, granite counters, with stainless steel appliances. Large island with extra storage, spacious pantry and modern lighting with dimmers. Master quarters offers a large bathroom with granite counter, split shower/tub, huge walk in closet and private toilet room. 2 exits to an extended covered patio and a big backyard shaded by mature low maintenance trees. This home is a must see, across from park, walk to school and move in ready!!
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PRICE & RENT TRENDS
Neighborhood: Cordova Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cordova Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,150 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$165 | |
| Property Insurance | -$56 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$219
|
||
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.
$285,000
PROJECTED PRICE
$1,150
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| 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
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
1.67
YEARS SAVED
$2,886
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,150
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,198
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
1620 S 80th Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,150
- $0.78
-
8137 W Globe Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2005
LEASED 11/23/19- Rent
- Rent Per SQFT
- $1,200
- $0.79
-
8310 W Watkins Street Tolleson, AZ 3
- 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,395
- $0.81
-
8330 W Watkins Street Tolleson, AZ 4
- 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2001
LEASED 09/20/19- Rent
- Rent Per SQFT
- $1,395
- $0.81
-
7639 W Riverside Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,549
- $0.86
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203390
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.
