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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $182.31
- 17 Days on Market
- MLS # : 6150424
- Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
- Beds : 5
- Floor Size : 3,839 sqft
- Baths : 4 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
This impeccable home is MOVE-IN READY & it's nestled in the desirable Foothills Club West subdivision! This meticulously maintained home features: 3-car extended depth garage w/ epoxy floors & built-in shelve! 2 Newer AC's (2018), Fresh interior & exterior paint (2020), Newer hot water heater (2020), In law suite + bathroom on the 1st floor! Marble floors, formal dining room, family room with wet bar & fireplace, eat in kitchen, granite countertops & SS appliances! Plantation shutters & newer carpet t/o. Master bedroom w private balcony, 2 closets, spa-like bath w/ tub & walk-in shower! The resort style backyard boasts a 6' deep pool, spa, large covered patio, Ramada & built in BBQ area. This home is an entertainer's delight! See our 3D Virtual Tour & schedule your private showing today!
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PRICE & RENT TRENDS
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$2,582 |
| Property Tax | -$498 | |
| Property Insurance | -$102 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$827
|
||
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.
$699,900
PROJECTED PRICE
$2,460
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$191,224
LOAN DETAILS
$2,582
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,975 |
| Loan Amount | $524,925 |
0.42
YEARS SAVED
$1,081
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
-
$2,611
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
16237 S 16th Avenue Phoenix, AZ 1
- 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,839 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
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2812 W Cottonwood Lane Phoenix, AZ 2
- 6 beds 5 baths ∙ 3,605 Sqft ∙ Built 2003 6 beds 5 baths ∙ 3,605 Sqft ∙ Built 2003
LEASED 07/01/19- Rent
- Rent Per SQFT
- $2,495
- $0.69
-
17013 S Coleman Street Phoenix, AZ 3
- 5 beds 5 baths ∙ 3,878 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,878 Sqft ∙ Built 2003
LEASED 06/15/19- Rent
- Rent Per SQFT
- $2,600
- $0.67
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6150424
Last Updated: 11/13/2020
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.
