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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $260.94
- 4 Days on Market
- MLS # : 6185826
- Updated Date : 02/27/2021 at 20:02
CONSTRUCTION
- Beds : 4
- Floor Size : 1,782 sqft
- Baths : 2 full
Listing Agent
Launch Real Estate
Listing Agent's Description
Welcome home! Light & bright 4 bed/2 bath home in the highly desired Wildcat Ridge community of Desert Ridge. This single level home features a spacious eat-in kitchen, great room with fireplace, vaulted ceilings, master suite with walk in closet, double sinks,, soaking tub, and separate shower. Wildcat Ridge is a well maintained, secluded community within walking distance to top PVUSD schools (Fireside ES, Explorer MS, & Pinnacle HS) and the community park which features a sand volleyball court, basketball court, playground, and biking/walking paths. Plus convenient access to multiple major highways (51 & 101) and an abundance of dining & shopping destinations (Desert Ridge Marketplace, City North, & JW Marriott Resort all minutes away). Wonderful home, great opportunit
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PRICE & RENT TRENDS
Neighborhood: Wildcat Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wildcat Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$293 | |
| Property Insurance | -$62 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$118
|
||
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.
$465,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.6% |
| 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
$128,975
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
6.58
YEARS SAVED
$36,977
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$2,192
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
20702 N 38th Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,200
- $1.23
-
20742 N 38th Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,975
- $1.11
-
20902 N 39th Street Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000
LEASED 03/25/20- Rent
- Rent Per SQFT
- $2,095
- $1.18
-
20901 N 37th Place Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000
LEASED 11/29/20- Rent
- Rent Per SQFT
- $2,250
- $1.26
-
3614 E Monona Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2000
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,450
- $1.37
PROPERTY LISTING DETAILS
Launch Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185826
Last Updated: 02/27/2021
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.
