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 1952
- Price/Sqft : $258.26
- 2 Days on Market
- MLS # : 6178898
- Updated Date : 01/09/2021 at 00:43
CONSTRUCTION
- Beds : 4
- Floor Size : 1,471 sqft
- Baths : 1 full , 1 half
Listing Agent
Superstars Realty
Listing Agent's Description
** Dont Miss Out ** Move in Ready!! This 4 bedroom 1.75 bath has been updated and it shows. Open Kitchen with plenty of cabinets for storage and a Peninsula for additional seating a plus. The Mini dry bar makes this area great for entertaining. Master bedroom has a walk-in closet with french doors leading to the back patio. Master Bath has a large shower with new vanity. Secondary Bedrooms and Bathroom good size. Plenty of parking space with RV gate that leads to back carport area for additional parking. Spacious Back yard has plenty of room to make your own. Large shed for additional storage. This is a Must See!! Home is close to transportation and shopping.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Urbandale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Urbandale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$241 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$345
|
||
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.
$379,900
PROJECTED PRICE
$2,060
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.7% |
| 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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
10.33
YEARS SAVED
$57,842
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$1.4
LIST RENT PER SQFT
-
$2,203
COMP ESTIMATED VALUE -
$1.5
COMP AVG. RENT PER SQFT
Comps Range
-
1822 E Cheery Lynn Road Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,471 Sqft ∙ Built 1952
![property image]()
- Rent
- Rent Per SQFT
- $2,060
- $1.40
-
2235 E Mitchell Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1948
![property image]()
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.40
-
1530 E Windsor Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1947
![property image]()
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,995
- $1.40
-
1648 E Mitchell Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 1,655 Sqft ∙ Built 1952 4 beds 3 baths ∙ 1,655 Sqft ∙ Built 1952
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,499
- $1.51
-
2022 E Mulberry Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1956
![property image]()
LEASED 01/24/20- Rent
- Rent Per SQFT
- $2,700
- $1.68
PROPERTY LISTING DETAILS
Superstars Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178898
Last Updated: 01/09/2021
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.
