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 2005
- Price/Sqft : $158.69
- 2 Days on Market
- MLS # : 6182006
- Updated Date : 01/17/2021 at 01:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,588 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
MUST COME SEE, gated community in North Central Phoenix! Brand new wood look tile flooring downstairs and brand new custom paint throughout! Kitchen boasts brand new granite counter tops with a drop in sink, and brand new stainless steel appliances! Brand new custom epoxy flooring in the spacious 2-car garage! All bedrooms are upstairs together with the laundry room.. Master bedroom has walk-in closet and bathroom with double sinks. Other bathroom upstairs and powder room downstairs. Community has pool and HOA includes water/sewer/trash. This condo sits in a really nice gated community in a prime location, centrally located to everything, freeways, restaurants and shopping It's clean and move-in ready and won't last long. Bring your clients today!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Villa Milano Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villa Milano Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$875 |
| Property Tax | -$159 | |
| Property Insurance | -$58 | |
| HOA | -$208 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$221
|
||
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.
$252,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.5% |
| 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
$72,530
LOAN DETAILS
$875
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,000 |
| Loan Amount | $189,000 |
9.42
YEARS SAVED
$32,865
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
-
$1,616
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1702 E Bell Road #171 Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1920 E Bell Road #1037 Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2006
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,450
- $1.01
-
17606 N 17th Place #1064 Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,583 Sqft ∙ Built 1998
LEASED 01/11/21- Rent
- Rent Per SQFT
- $1,595
- $1.01
-
17310 N 19th Terrace Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2005
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,650
- $1.05
-
1702 E Bell Road #130 Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2004
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182006
Last Updated: 01/17/2021
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.
