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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $147.68
- 7 Days on Market
- MLS # : 6170949
- Updated Date : 12/21/2020 at 02:15
CONSTRUCTION
- Beds : 5
- Floor Size : 2,976 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
If you are looking for a home with great entertainment space, this is it. If you are looking for two master bedrooms, this home has that also. This home has a 622 square feet entertaining living area with an amazing bar with ice maker, sink, dishwasher, beverage fridge and can easily seat 12 at the bar. The rest of this space has a built in bookcase/ entertainment center and room for a large sectional and/or pool table. Patio doors from this room take you to a covered patio with ceiling fans and then out to the beautiful yard. In addition to that room there is a formal dining room that could be used as another living space or game room. In addition to that there is another space that could be a dining room or den. The kitchen is very open and has a large island that can easily seat
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PRICE & RENT TRENDS
Neighborhood: Pepper Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pepper Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$1,622 |
| Property Tax | -$277 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$508
|
||
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.
$439,500
PROJECTED PRICE
$2,590
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.0% |
| 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
$122,218
LOAN DETAILS
$1,622
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,875 |
| Loan Amount | $329,625 |
11.58
YEARS SAVED
$92,345
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,065
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
18235 N 30th Street Phoenix, AZ 1
- 5 beds 4 baths ∙ 2,976 Sqft ∙ Built 1986 5 beds 4 baths ∙ 2,976 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3440 E Morrow Drive Phoenix, AZ 2
- 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,850
- $0.89
-
16223 N 40th Place Phoenix, AZ 3
- 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983
LEASED 07/27/19- Rent
- Rent Per SQFT
- $2,900
- $0.98
-
19407 N 36th Place Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
LEASED 08/20/20- Rent
- Rent Per SQFT
- $3,200
- $1.22
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170949
Last Updated: 12/21/2020
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.
