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PROPERTY INFO
FACTS
- Single Family
- Built In 1936
- Price/Sqft : $277.54
- 5 Days on Market
- MLS # : 6177661
- Updated Date : 01/06/2021 at 22:05
CONSTRUCTION
- Beds : 3
- Floor Size : 2,360 sqft
- Baths : 3 full
Listing Agent
Az Prime Property Management
Listing Agent's Description
wow! absolutely gorgeous unique historic phoenix 3/3 split level house with custom hardwood floors, fully updated kitchen, stainless steel appliances, silestone counters, mid century retro bathrooms, plastered interior walls, fireplace, fully built out basement with enclosed bathroom, office/den space perfect for home based businesses seeking to establish in the highly sought after downtown area at a fraction of the cost, additional numerous rooms available with build out options, 4 over sized rear entry off street parking along with 1 added covered parking, 2 over sized rv parking spots, private garage/work shop with split metered 220 volts perfect for the hobbyist, nearby downtown vibe with fabulous restaurants and shops, private enclosed patio, city views, great location and more!
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PRICE & RENT TRENDS
Neighborhood: Palmcroft
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palmcroft
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,730 |
| EXPENSES | Loan Payment | -$2,275 |
| Property Tax | -$350 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$67
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$655,000
PROJECTED PRICE
$2,730
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 4.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$179,325
LOAN DETAILS
$2,275
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $163,750 |
| Loan Amount | $491,250 |
4.58
YEARS SAVED
$31,577
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,203
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1832 N 7th Avenue Phoenix, AZ 1
- 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 1936 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 1936
- Rent
- Rent Per SQFT
- $0
- $0.00
-
309 W Almeria Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1945 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1945
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,675
- $0.77
-
1201 E Almeria Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,213 Sqft ∙ Built 1953 3 beds 2 baths ∙ 2,213 Sqft ∙ Built 1953
LEASED 09/29/19- Rent
- Rent Per SQFT
- $1,995
- $0.90
-
1221 E Windsor Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1951 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1951
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,350
- $1.13
PROPERTY LISTING DETAILS
Az Prime Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177661
Last Updated: 01/06/2021
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.
