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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $267.52
- 2 Days on Market
- MLS # : 6185069
- Updated Date : 01/24/2021 at 02:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,056 sqft
- Baths : 1 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Charming 3 bed, 2 bath with an RV gate is a perfect starter home! No HOA! Stylish gray & white color palette, tile floors throughout. Open floor plan. The updated kitchen has beautiful pine cabinets, granite counters, subway tile backsplash, SS appliances. Sizable bedrooms have ceiling fans. The primary bedroom has a 3/ 4 bath and walk-in closet. Laundry in the utility room. The large backyard has a brick paver covered patio, lawn area, and plenty of room to add your personal touches! Close to schools, shopping, and the loop 101.
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PRICE & RENT TRENDS
Neighborhood: Palos Santos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palos Santos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,130 |
| EXPENSES | Loan Payment | -$981 |
| Property Tax | -$169 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$167
|
||
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.
$282,500
PROJECTED PRICE
$1,130
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.3% |
| 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
$80,613
LOAN DETAILS
$981
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,625 |
| Loan Amount | $211,875 |
2.67
YEARS SAVED
$5,866
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,130
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,138
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
20226 N 13th Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,130
- $1.07
-
8 W Oraibi Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1985
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,295
- $1.10
-
1621 W Wahalla Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,399
- $1.06
-
1708 W Behrend Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
LEASED 10/12/19- Rent
- Rent Per SQFT
- $1,425
- $1.08
-
1431 W Beaubien Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1980
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.07
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185069
Last Updated: 01/24/2021
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.
