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PROPERTY INFO
FACTS
- Single Family
- Built In 1948
- Price/Sqft : $155.20
- 3 Days on Market
- MLS # : 6165244
- Updated Date : 11/27/2020 at 12:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,482 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
INVESTORS WANTED! (This sale also comes with the lot to the east, lot 21 (1714 E Hadley), and each lot is 6,668, for a total of 13,336sqft!) Great cash flow property as-is, (currently has a tenant that would like to stay in the main home), or would make for a good rehab project as well! Main home is 890sqft, with 2 bed/1 bath, and guest home is 592sqft, with 1 bed/1 bath. Main home also has newer triple pane windows, insulation, and AC! Act fast to add this one to your portfolio! This home would also be great for those looking to live with family on the same property, but with separate homes! Call to schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Central City South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central City South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,010 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$123 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$116
|
||
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.
$230,000
PROJECTED PRICE
$1,010
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.7% |
| 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
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
3.33
YEARS SAVED
$7,465
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
-
$1,282
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1718 W Hadley Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1948
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1732 W Cocopah Street Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955
LEASED 06/04/19- Rent
- Rent Per SQFT
- $1,250
- $0.93
-
1647 W Pima Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1951
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.80
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165244
Last Updated: 11/27/2020
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.
