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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $238.88
- 3 Days on Market
- MLS # : 6192533
- Updated Date : 02/19/2021 at 21:38
CONSTRUCTION
- Beds : 4
- Floor Size : 1,754 sqft
- Baths : 2 full
Listing Agent
Re/max Foothills
Listing Agent's Description
Beautiful 4 bedroom, 2 bathroom home in a gated-community that is part of Fireside in Norterra. Build in 2017. Tile throughout with upgraded carpet in bedrooms. Quartz counter tops in Kit. with upgraded Cabinets. Very popular Fireside community has a kid's pool, heated adult pool, spa, gym, basketball court, tennis court, playground, and lots of green
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PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,455 |
| Property Tax | -$251 | |
| Property Insurance | -$61 | |
| HOA | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$218
|
||
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.
$419,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$116,785
LOAN DETAILS
$1,455
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
2.83
YEARS SAVED
$9,370
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,662
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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1842 W Bonanza Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,720
- $0.98
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2434 W Gambit Trail Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2001
LEASED 01/23/21- Rent
- Rent Per SQFT
- $1,650
- $0.99
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2427 W Oberlin Way Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2004
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,695
- $0.95
-
2321 W Straight Arrow Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2002
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.88
-
1925 W Black Hill Road Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,915 Sqft ∙ Built 2010
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,850
- $0.97
PROPERTY LISTING DETAILS
Re/max Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192533
Last Updated: 02/19/2021
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.
