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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $243.40
- 2 Days on Market
- MLS # : 6178923
- Updated Date : 01/09/2021 at 02:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,553 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Located in the highly rated Paradise Valley Unified School District, this gorgeous plan feels like ''home'' from the moment you enter. With over $30k in beautiful remodeling and functional upgrades, you won't want to miss the opportunity to own. The fully remodeled kitchen features new cabinets, quartz counters, subway tile backsplash, added kitchen island with stainless sink and new hardware plus all new LG appliances. New wood tile flooring throughout main living areas and plush carpet in bedrooms, exterior and interior paint, HVAC unit, water heater, toilets, front yard landscape, window blinds, sliding door to rear yard are included additions that provide a wonderful value in this popular neighborhood.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,313 |
| Property Tax | -$238 | |
| Property Insurance | -$57 | |
| HOA | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$0
|
||
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.
$378,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$105,920
LOAN DETAILS
$1,313
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,500 |
| Loan Amount | $283,500 |
5.25
YEARS SAVED
$20,845
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,844
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
18821 N 25th Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $1.13
-
2306 E Siesta Lane Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,625
- $1.05
-
2936 E Villa Theresa Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986
![property image]()
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,975
- $1.18
-
1953 E Rockwood Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,995
- $1.25
-
2415 E Rosemonte Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2000
![property image]()
LEASED 01/04/21- Rent
- Rent Per SQFT
- $1,995
- $1.27
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178923
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.
