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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $224.72
- 2 Days on Market
- MLS # : 6208154
- Updated Date : 03/20/2021 at 04:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,691 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Fantastic location off the 101 & Cave Creek. Easy commute to anywhere in the Valley; fast with the proximity of the 101 & the 51 freeways. This is a wonderful neighborhood and a quiet cul-de-sac. Great starter home for a young family or a splendid place to retire. Beautiful Mountain Views and very close to shopping like Desert Ridge, City North, Costco & Albertsons. Very close to Paradise Valley Comm. College. Ceiling fans throughout, newly painted, New A/C and water heater in 2020.The home comes with a Home Warranty with First American Home Warranty.
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PRICE & RENT TRENDS
Neighborhood: Dave Brown Autumn Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dave Brown Autumn Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$239 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$72
|
||
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.
$380,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 3.7% |
| 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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
6.5
YEARS SAVED
$28,938
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,907
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
19008 N 25th Place Place Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $1.06
-
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
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,625
- $1.05
-
2614 E Villa Theresa Drive Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1984
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.09
-
2415 E Rosemonte Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2000
![property image]()
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,950
- $1.24
-
18509 N 20th Place Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2004
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,099
- $1.13
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6208154
Last Updated: 03/20/2021
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.
