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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $216.20
- 3 Days on Market
- MLS # : 6163609
- Updated Date : 01/01/2021 at 20:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,914 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
WOW! Incredible Custom home, with Panoramic Mountain Views. No HOA fees. This beautiful home offers 2,914sq feet, with a gated courtyard entry to enjoy your morning cup of coffee, 4 bedroom, 3 bathroom, gourmet kitchen with granite counter tops, a center island, breakfast bar formal living and dinning room with cathedral windows and fire place. Top level features an amazing balcony with panoramic mountain views. Out side the rock sliding waterfall cascade into pool with mature fruit trees, 4 car Extended Length RV Garage (16Wx48Dx17H). This beautiful home is close to restaurants, shopping, and freeway 51-101. Due to the holidays, the property will be temporarily off the market. It will be active on January 1, 2021.
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PRICE & RENT TRENDS
Neighborhood: Buffalo Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Buffalo Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$2,324 |
| Property Tax | -$435 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$453
|
||
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.
$630,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.9% |
| 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
$172,700
LOAN DETAILS
$2,324
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $157,500 |
| Loan Amount | $472,500 |
2.17
YEARS SAVED
$10,509
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,484
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2125 E Kerry Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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20607 N 17th Way Phoenix, AZ 2
- 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1995
![property image]()
LEASED 12/15/19- Rent
- Rent Per SQFT
- $1,900
- $0.72
-
20608 N 8th Street Phoenix, AZ 3
- 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998
![property image]()
LEASED 07/24/19- Rent
- Rent Per SQFT
- $2,495
- $0.85
-
1734 E Beaubien Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997
![property image]()
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,800
- $0.95
-
3440 E Morrow Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,850
- $0.89
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163609
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
