Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $175.84
- 2 Days on Market
- MLS # : 6208072
- Updated Date : 03/20/2021 at 18:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,962 sqft
- Baths : 2 full
Listing Agent
Century 21 Arizona Foothills
Listing Agent's Description
Welcome Home! Come and be greeted by this spacious and open floor plan that has been well maintained. Enjoy watching the sun rise and set over South Mountain from your private office. Outdoor activities abound with South Mountain Park and Highline Canal Trails nearby. Easy freeway access, many restaurants, stores and other amenities surround this location. Great home for entertaining with low maintenance landscaping in both front and back yards. Relax on the back patio.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Vista Portica
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista Portica
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$224 | |
| Property Insurance | -$65 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$261
|
||
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.
$345,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.2% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
9.33
YEARS SAVED
$44,710
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,119
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
1642 E Desert Lane Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,860
- $0.95
-
1432 E Branham Lane Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2006
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,895
- $1.05
-
2126 E Fawn Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2000
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.08
-
1514 E Gary Way Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,000
- $1.05
-
1526 E Desert Lane Phoenix, AZ 5
- 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2001
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,295
- $1.14
PROPERTY LISTING DETAILS
Century 21 Arizona Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6208072
Last Updated: 03/20/2021
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.
