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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $228.29
- 7 Days on Market
- MLS # : 6182484
- Updated Date : 01/31/2021 at 04:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,686 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Great home in Ahwatukee. 3 bedrooms plus den. Bedrooms upstairs and den down. Open kitchen with great room. Neutral colors. Private yard. Close to great schools, parks, hiking and shopping. Freshly painted and updated backyard !
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PRICE & RENT TRENDS
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$274 | |
| Property Insurance | -$60 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$136
|
||
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.
$384,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$107,749
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,225 |
| Loan Amount | $288,675 |
3.5
YEARS SAVED
$11,577
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,741
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
2114 E Saltsage Drive Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,686 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,640
- $0.97
-
2134 E Saltsage Drive E Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,595
- $0.91
-
2036 E Windsong Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1994
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,795
- $1.20
-
15429 S 21st Place Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1991
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,795
- $0.99
-
2161 E Nighthawk Way Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,799
- $1.03
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182484
Last Updated: 01/31/2021
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.
