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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $178.57
- 2 Days on Market
- MLS # : 6187144
- Updated Date : 01/30/2021 at 08:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,344 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
4 Bedroom home * Updated Kitchen with white cabinets and granite * No HOA * Tile floors and neutral color palette. * Stainless steel appliances * Sizable bedrooms * Updated bathrooms * Backyard has a covered patio and plenty of room * Close to schools, shopping and the I-10 and Loop 101 * Access informaion in the Semi-Private Remarks section.
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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 | $1,160 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$145 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$29
|
||
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.
$239,999
PROJECTED PRICE
$1,160
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
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $179,999 |
6.17
YEARS SAVED
$16,798
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,160
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,236
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1636 N 72nd Lane Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,344 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $1,160
- $0.86
-
2525 N 72nd Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973
LEASED 09/14/19- Rent
- Rent Per SQFT
- $1,195
- $0.88
-
1835 N 64th Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,199
- $0.97
-
7337 W Encanto Boulevard Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1975
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,200
- $0.97
-
3008 N 71st Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.86
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187144
Last Updated: 01/30/2021
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.
