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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $216.97
- 2 Days on Market
- MLS # : 6170295
- Updated Date : 12/11/2020 at 22:02
CONSTRUCTION
- Beds : 4
- Floor Size : 1,544 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
AVAILABLE 12/12/2020 Come see this home located in the beautiful Green Meadows. This property is immaculate and ready for its new owner! This home has been taken care of through the years and even has had some upgrades that will make purchasing this home even better. Large backyard that is equipped with a glistening swimming pool and much more. Conveniently only minutes away from I-17 and 101 access. NEW A/C as of 2019. Listing agent will be holding an open house 12/12/20. Please be mindful, sellers will be looking at offers by Monday, 12/14/2020.
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PRICE & RENT TRENDS
Neighborhood: Green Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$201 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$3
|
||
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.
$335,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.1% |
| 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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
5.58
YEARS SAVED
$24,199
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,532
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
18815 N 22nd Lane Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $1.03
-
1958 W Meadow Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1967
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,395
- $1.00
-
1628 W Sack Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1973
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
1411 W Villa Theresa Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1993
![property image]()
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,525
- $0.99
-
2141 W Utopia Road Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1977
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,785
- $1.03
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170295
Last Updated: 12/11/2020
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.
