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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $179.68
- 8 Days on Market
- MLS # : 6163847
- Updated Date : 11/26/2020 at 19:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,614 sqft
- Baths : 2 full
Listing Agent
Re/max Ascend Realty
Listing Agent's Description
Back on the market! Buyer did not qualify for loan! Wide open Floor Plan. Contemporary 30k Remodel just Completed including NEW ROOF, NOW 8k below Appraisal! 3bd,2ba Large Living & Family Room in this Home. Sparkling Fenced Lap Pool. Fresh interior two tone paint,4 1/2 inch white molding. All LED lighting. New fans Faucets, fixtures and lighting. Smart thermostat for Alexa and google. Eat-in kitchen with a built-in Breakfast Bar, New White shaker cabinets & Lazy Susan corner. White Subway Backsplash, Custom Epoxy Countertops, no Seams .New 9'' quality 16 Gage SS Kitchen Sink. All SS appliances. YOUR GONNA LOVE this LARGE open Laundry/Pantry Room with Tons of storage, New white shaker cabinets, large Custom Epoxy counter top no seams great for folding laundry, work space & doing crafts
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PRICE & RENT TRENDS
Neighborhood: Union Hills Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Union Hills Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$174 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$111
|
||
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.
$290,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.7% |
| 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
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
3.67
YEARS SAVED
$11,596
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$0.8
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
18025 N 31st Drive Phoenix, AZ
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $0.80
PROPERTY LISTING DETAILS
Re/max Ascend Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163847
Last Updated: 11/26/2020
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.
