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PROPERTY INFO
FACTS
- Single Family
- Built In 1935
- Price/Sqft : $249.27
- 2 Days on Market
- MLS # : 6170669
- Updated Date : 12/12/2020 at 10:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,364 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Check out this charming, 1935 Spanish Revival bungalow with loads of character and rare detached CASITA / GUEST HOUSE that is separately metered, making it a perfect rental/Airbnb, or generational living setup. Main home boasts classic features w/original hardwood floors, Saltillo tile, and a gorgeous wood-burning fireplace w/custom mantel. Step through the arched entry into your formal dining room, while the breeze blows through double doors that lead to your private, spacious backyard. The living-room provides tons of natural light and showstopper fireplace. A large kitchen w/plenty of counter space, 2 beds + bath and bonus basement space round out the home. NEW ROOF installed 2018. NEW interior and exterior paint. Guest home features kitchen, breakfast bar, bathroom and w/covered patio.
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PRICE & RENT TRENDS
Neighborhood: Avalon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Avalon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$216 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$63
|
||
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.
$340,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
4.58
YEARS SAVED
$18,953
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,650
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
2042 E Oak Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1935
- Rent
- Rent Per SQFT
- $1,560
- $1.14
-
1733 E Willetta Street Phoenix, AZ 1
- 3 beds 1 baths ∙ 1,196 Sqft ∙ Built 1944 3 beds 1 baths ∙ 1,196 Sqft ∙ Built 1944
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.25
-
2427 E Avalon Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1947
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,600
- $1.19
-
1940 E Monte Vista Road Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1935
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,800
- $1.24
-
2502 E Avalon Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1950
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.16
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170669
Last Updated: 12/12/2020
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.
