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PROPERTY INFO
FACTS
- Single Family
- Built In 1952
- Price/Sqft : $305.59
- 1 Days on Market
- MLS # : 6163683
- Updated Date : 11/21/2020 at 18:58
CONSTRUCTION
- Beds : 2
- Floor Size : 769 sqft
- Baths : 1 full
Listing Agent
Realty One Group
Listing Agent's Description
THIS IS AN OPPORTUNITY FOR A MULTI-FAMILY UNIT TO BE BUILT OR ENJOY THE LARGE LOT AND HOME, WILL BE SOLD AS-IS. DONT MISS OUT ON THIS OPPORTUNITY TO OWN CLOSE TO DOWNTOWN AND ADD EXTRA UNITS IF YOU WANT FOR RENTALS.
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PRICE & RENT TRENDS
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $930 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$140 | |
| Property Insurance | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$218
|
||
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.
$235,000
PROJECTED PRICE
$930
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.8% |
| 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
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
1.58
YEARS SAVED
$2,359
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$930
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$877
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
2128 W Morten Avenue Phoenix, AZ 4
- 2 beds 1 baths ∙ 769 Sqft ∙ Built 1952 2 beds 1 baths ∙ 769 Sqft ∙ Built 1952
![property image]()
- Rent
- Rent Per SQFT
- $930
- $1.21
-
2501 W Belmont Avenue #5 Phoenix, AZ 1
- 2 beds 1 baths ∙ 750 Sqft ∙ Built 1944 2 beds 1 baths ∙ 750 Sqft ∙ Built 1944
![property image]()
LEASED 04/20/20- Rent
- Rent Per SQFT
- $849
- $1.13
-
6817 N 17th Avenue #15 Phoenix, AZ 2
- 2 beds 1 baths ∙ 850 Sqft ∙ Built 1962 2 beds 1 baths ∙ 850 Sqft ∙ Built 1962
![property image]()
LEASED 11/11/20- Rent
- Rent Per SQFT
- $875
- $1.03
-
2222 W Morten Avenue Phoenix, AZ 3
- 2 beds 1 baths ∙ 744 Sqft ∙ Built 1964 2 beds 1 baths ∙ 744 Sqft ∙ Built 1964
![property image]()
LEASED 08/02/20- Rent
- Rent Per SQFT
- $900
- $1.21
-
2339 W Northern Avenue #209 Phoenix, AZ 5
- 2 beds 2 baths ∙ 900 Sqft ∙ Built 1964 2 beds 2 baths ∙ 900 Sqft ∙ Built 1964
![property image]()
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,075
- $1.19
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163683
Last Updated: 11/21/2020
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.
