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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $252.02
- 2 Days on Market
- MLS # : 6195103
- Updated Date : 02/21/2021 at 04:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,488 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Come check out this charming home within the sought after Montaire neighborhood! This beautifully maintained home features an open concept, eat-in kitchen, granite countertops, vaulted ceilings, and plantation shutters throughout. The master bedroom has private access to the adorable yard, a walk-in closet, double sinks and a separate tub/shower. Located on a quiet street and just steps from a park with a playground. Also includes indoor laundry with a full size washer and dryer. Conveniently located with Desert Ridge and the 51/101 freeways just minutes away!Open Houses Saturday 2/20 & Sunday 2/21 from 11-2pm! Some furniture may be available for purchase on separate bill of sale.
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PRICE & RENT TRENDS
Neighborhood: Montaire
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Montaire
* 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 | -$1,303 |
| Property Tax | -$236 | |
| Property Insurance | -$56 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$43
|
||
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.
$375,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.08
YEARS SAVED
$19,348
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
17837 N 47th Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,660
- $1.12
-
17658 N 47th Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1992
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.21
-
18444 N 45th Place Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1990
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,800
- $1.20
-
4734 E Charleston Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1993
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,899
- $1.28
-
4702 E Grovers Avenue Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1993
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,997
- $1.26
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195103
Last Updated: 02/21/2021
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.
