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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $248.77
- 2 Days on Market
- MLS # : 6200246
- Updated Date : 02/27/2021 at 23:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,628 sqft
- Baths : 2 full
Listing Agent
United Brokers Group
Listing Agent's Description
STYLISH and CHARMING single level gem located in the highly coveted Foothills Reserve has every detail needed for a truly amazing lifestyle! 3 bdrm/2 bath popular greatroom floorplan with gas fireplace and neutral wood flooring, kitchen w/black granite countertops, 42'' maple cabinets, walk in pantry and refrigerator included. Special extras include newer gas water heater, home automation, surround sound, central vac, and garage with epoxy coating. Very private corner lot-no neighbors behind or to the north. NEW EXTERIOR PAINT in 2020, nicely landscaped desert front/backyard, refreshing PEBBLE-TEC POOL with rock waterfall and in-floor cleaning system. Pool salt system available and conveys as-is. Enjoy scenic views of the natural landscape from your backyard fence.
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PRICE & RENT TRENDS
Neighborhood: Foothills Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,407 |
| Property Tax | -$288 | |
| Property Insurance | -$59 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$227
|
||
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.
$405,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$113,075
LOAN DETAILS
$1,407
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
2.42
YEARS SAVED
$7,188
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,522
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
17001 S 30th Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1730 W Wildwood Drive Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 2000
LEASED 10/02/19- Rent
- Rent Per SQFT
- $1,695
- $0.93
-
1692 W Satinwood Drive Phoenix, AZ 3
- 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2007
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.94
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200246
Last Updated: 02/27/2021
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.
