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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $234.72
- 2 Days on Market
- MLS # : 6209981
- Updated Date : 03/20/2021 at 07:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,653 sqft
- Baths : 2 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
GREAT HOME IN A VERY HIGH DEMAND AREA (DYNAMITE FLOOR PLAN). A PRACTICAL COUNTRY (LARGE) KITCHEN WITH DINNING AREA AND ALL EXISTING APLIANCES INCLUDED. THE HOME COMES WITH A GREAT ROOM AND A SPLIT MASTER BETHROOM WITH A BEAUTIFULL SPACIOUS MASTER BATHROOM. YOUR CLIENTS WILL LOVE THIS HOME FLOOR PLAN. UTILITY BILLS SHOULD BE LOW DUE TO THE HIGHLY EFFICIENT A/C UNIT AND THE SOLAR PANEL S SYSTEM FOR THE HOME WATER HEATER. YOUNG AND ACTIVE PRODUCING CITRUS FRUIT TREES ARE PART OF THE LANNDSCAPING. THE BACK IS ENCLOSED WITH A BLOCK FENCE. A LARGE SIZE STORAGE SHED IN THE BACK WILL BE VERY USEFULL FOR THE NEW FAMILY . HOME IS VACANT AND EASY TO SHOW! **WASHER/DRYER/REFRIGERATOR AND BUILT IN MICROWAVE ARE INCLUDED. **** BUYER REAL ESTATE AGENT TO VERIFY ALL FACTS AND INFO PROVIDED *
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PRICE & RENT TRENDS
Neighborhood: Encanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,348 |
| Property Tax | -$246 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$222
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$388,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$108,570
LOAN DETAILS
$1,348
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,000 |
| Loan Amount | $291,000 |
2.58
YEARS SAVED
$8,077
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
-
$1,872
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
2010 N 17th Place Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1731 E Cambridge Avenue Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2000
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,599
- $1.18
-
2302 N Central Avenue #301 Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2007
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,750
- $1.02
-
2851 E Pinchot Avenue Phoenix, AZ 4
- 3 beds 4 baths ∙ 1,596 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,596 Sqft ∙ Built 2005
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,850
- $1.16
-
3419 N 28th Street Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003
LEASED 03/01/21- Rent
- Rent Per SQFT
- $2,100
- $1.17
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6209981
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.
