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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $307.66
- 2 Days on Market
- MLS # : 6199175
- Updated Date : 03/06/2021 at 21:01
CONSTRUCTION
- Beds : 5
- Floor Size : 2,519 sqft
- Baths : 3 full , 1 half
Listing Agent
R.o.i. Properties
Listing Agent's Description
Location Location! This beautiful 5 bedroom 3.5 bath home features two master suites, and has recently been updated throughout. Enjoy amazing sunrise, sunset and mountain views from your front patio, backyard patio or private pool. Short walk to Granada Park and the Phoenix Mountain Preserve. Just minutes from Biltmore, shopping and restaurants with easy access to the 51. Get ready because this one won't last long!
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PRICE & RENT TRENDS
Neighborhood: Crown Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crown Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,030 |
| EXPENSES | Loan Payment | -$2,692 |
| Property Tax | -$557 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$394
|
||
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.
$775,000
PROJECTED PRICE
$3,030
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| 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
$211,125
LOAN DETAILS
$2,692
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $193,750 |
| Loan Amount | $581,250 |
2.58
YEARS SAVED
$16,020
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,199
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
1917 E Lamar Road Phoenix, AZ 1
- 5 beds 4 baths ∙ 2,519 Sqft ∙ Built 1963 5 beds 4 baths ∙ 2,519 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8423 N 16th Place Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,186 Sqft ∙ Built 1977
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.28
-
1739 E Ocotillo Road Phoenix, AZ 3
- 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1957 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1957
LEASED 06/19/20- Rent
- Rent Per SQFT
- $3,000
- $1.11
-
2035 E Orangewood Avenue Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1973
LEASED 08/30/20- Rent
- Rent Per SQFT
- $3,400
- $1.30
-
7816 N 18th Street Phoenix, AZ 5
- 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1983 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1983
LEASED 02/09/21- Rent
- Rent Per SQFT
- $3,895
- $1.39
PROPERTY LISTING DETAILS
R.o.i. Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199175
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
