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PROPERTY INFO
FACTS
- Single Family
- Built In 1957
- Price/Sqft : $302.97
- 2 Days on Market
- MLS # : 6197150
- Updated Date : 02/20/2021 at 20:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,416 sqft
- Baths : 2 full
Listing Agent
Arizona Realty Specialists
Listing Agent's Description
This is a great home to apply your interior designs to. Highly desirable location ready for improvements. AC unit MFG in 2018 and Roof appears to be fairly new. Buyer to verify all facts including schools and school district.
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PRICE & RENT TRENDS
Neighborhood: Cox Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cox Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,490 |
| Property Tax | -$308 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$102
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$429,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$119,435
LOAN DETAILS
$1,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,250 |
| Loan Amount | $321,750 |
4.33
YEARS SAVED
$17,690
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$1.31
LIST RENT PER SQFT
-
$1,993
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
1745 E San Juan Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1957
- Rent
- Rent Per SQFT
- $1,850
- $1.31
-
1425 E Rancho Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1950
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.39
-
1936 E Rancho Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1952
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.39
-
1630 E Georgia Avenue #203 Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1964
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,895
- $1.35
-
1114 E Oregon Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1949
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,098
- $1.50
PROPERTY LISTING DETAILS
Arizona Realty Specialists
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197150
Last Updated: 02/20/2021
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.
