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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $158.35
- 5 Days on Market
- MLS # : 6175684
- Updated Date : 12/30/2020 at 23:10
CONSTRUCTION
- Beds : 4
- Floor Size : 2,646 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Desirable home in North Phoenix, No HOA, RV Gate and 3 Car Garage. Beautiful 4 bedroom 2.5 bath with nice open floor plan, nice sized kitchen with all stainless steel appliances and an island. Gorgeous backyard with lots of space, a spa and Mountain views. All of these on a large lot conveniently located off the 101 freeway & close to schools.
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PRICE & RENT TRENDS
Neighborhood: Gambare Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gambare Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$267 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$390
|
||
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.
$419,000
PROJECTED PRICE
$2,380
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| 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
$116,785
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
10.33
YEARS SAVED
$74,361
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
-
$2,408
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
19828 N 14th Street Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
729 E Irma Lane Phoenix, AZ 2
- 5 beds 3 baths ∙ 2,766 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,766 Sqft ∙ Built 1999
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,250
- $0.81
-
20608 N 8th Street Phoenix, AZ 3
- 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998
LEASED 07/24/19- Rent
- Rent Per SQFT
- $2,495
- $0.85
-
21020 N 16th Way Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,600
- $1.03
-
1734 E Beaubien Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,800
- $0.95
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175684
Last Updated: 12/30/2020
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.
