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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $234.74
- 2 Days on Market
- MLS # : 6182030
- Updated Date : 01/16/2021 at 18:49
CONSTRUCTION
- Beds : 2
- Floor Size : 852 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Biltmore Partners
Listing Agent's Description
Fantastic opportunity to own this 2bed/2bath townhome in an excellent location. Steps from Starbucks, Trader Joes, Whole Foods, dining and easy access to the 51. Must see tastefully updated interior features wood plank tile flooring and an open concept floorplan, that is ideal for entertaining. Kitchen boasts stainless steel appliances, gas stove, stylish countertops, white cabinetry and a center island with breakfast bar seating. Master retreat includes private en suite with subway tiled shower. Enjoy relaxing on your private patio. It's the perfect place for enjoy your favorite beverage or a BBQ. Do not miss out on this gem. Schedule your private showing today!
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PRICE & RENT TRENDS
Neighborhood: Madison Park Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Madison Park Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,100 |
| EXPENSES | Loan Payment | -$695 |
| Property Tax | -$144 | |
| Property Insurance | -$44 | |
| HOA | -$205 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$86
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$200,000
PROJECTED PRICE
$1,100
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$58,750
LOAN DETAILS
$695
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $50,000 |
| Loan Amount | $150,000 |
2.67
YEARS SAVED
$4,199
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,100
LIST RENT -
$1.29
LIST RENT PER SQFT
-
$1,091
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
1624 E Campbell Avenue #47 Phoenix, AZ 3
- 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,100
- $1.29
-
1718 E Campbell Avenue #25 Phoenix, AZ 1
- 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,000
- $1.17
-
1622 E Campbell Avenue #t Phoenix, AZ 2
- 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,100
- $1.29
-
1622 E Campbell Avenue #i Phoenix, AZ 4
- 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,150
- $1.35
-
1449 E Highland Avenue #16 Phoenix, AZ 5
- 2 beds 2 baths ∙ 879 Sqft ∙ Built 1983 2 beds 2 baths ∙ 879 Sqft ∙ Built 1983
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,150
- $1.31
PROPERTY LISTING DETAILS
Keller Williams Realty Biltmore Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182030
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
