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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $222.67
- 53 Days on Market
- MLS # : 6171935
- Updated Date : 02/05/2021 at 20:54
CONSTRUCTION
- Beds : 1
- Floor Size : 741 sqft
- Baths : 1 full
Listing Agent
Homesmart
Listing Agent's Description
If you are looking for a Haven in Central Phoenix, this is it! We are now $10,00 BELOW the most recent comp! BEST DEAL IN PHOENIX!!! Gated Community with a unit in the PERFECT spot! 3rd floor safety and lovely neighbors all around. But, once you are inside you have excellent Vaulted Ceilings, a lovely balcony for morning or evening sips while surrounded by trees and a courtyard view. Granite countertops and stainless steel appliances in the kitchen also a full sized washer and dryer in storeroom on balcony! All of this in the elite Biltmore area. This lovely community has 2 community Pools, 1 is heated. Also a heated spa and an Exercise Room!
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PRICE & RENT TRENDS
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,070 |
| EXPENSES | Loan Payment | -$573 |
| Property Tax | -$119 | |
| Property Insurance | -$42 | |
| HOA | -$200 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$38
|
||
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.
$165,000
PROJECTED PRICE
$1,070
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.7% |
| 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
$49,475
LOAN DETAILS
$573
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $41,250 |
| Loan Amount | $123,750 |
5.67
YEARS SAVED
$10,476
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,067
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
2025 E Campbell Avenue #338 Phoenix, AZ 1
- 1 beds 1 baths ∙ 741 Sqft ∙ Built 1989 1 beds 1 baths ∙ 741 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4343 N 21st Street #105 Phoenix, AZ 2
- 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,175
- $1.39
-
4343 N 21st Street #121 Phoenix, AZ 3
- 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,200
- $1.42
-
4343 N 21st Street #111 Phoenix, AZ 4
- 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998 1 beds 1 baths ∙ 847 Sqft ∙ Built 1998
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,250
- $1.48
-
4644 N 22nd Street #1017 Phoenix, AZ 5
- 1 beds 1 baths ∙ 850 Sqft ∙ Built 1997 1 beds 1 baths ∙ 850 Sqft ∙ Built 1997
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,250
- $1.47
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171935
Last Updated: 02/05/2021
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.
