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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $169.01
- 3 Days on Market
- MLS # : 6181117
- Updated Date : 01/15/2021 at 16:01
CONSTRUCTION
- Beds : 4
- Floor Size : 1,568 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
WOW. This 4 bedroom and 2 bath home has been fully remodeled. The remodel includes new drywall throughout, new flooring, new paint inside and out, new cabinets, new quartz counters, new stainless steel appliances and so much more. The home has an open floor plan with barn doors that lead to the pantry/laundry area. The roof and A/C both have also just been replaced along with all the interior doors and trim. Both bathrooms have also been completely remodeled with new custom tile, cabinets and mirrors. There are also all new vinyl frame dual pane windows throughout the home. This home is truly move in ready and is almost all brand new.
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$160 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$33
|
||
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.
$265,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
6.17
YEARS SAVED
$18,610
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
-
$1,396
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1634 N 55th Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5525 W Roanoke Avenue Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,325
- $0.92
-
5222 W Cypress Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,349
- $0.90
-
5628 W Thomas Road Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,395
- $0.83
-
5631 W Berkeley Road Phoenix, AZ 5
- 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1970
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.91
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181117
Last Updated: 01/15/2021
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.
