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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $238.89
- 2 Days on Market
- MLS # : 6187918
- Updated Date : 01/31/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,674 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
THEY HAVE REMODELED AND UPDATED THE HOME SEE THE DOCUMENTS SECTION FOR A DETAILED LIST OF IMPROVEMENTS !!!! MOUNTAIN VIEWS, CONVIENT LOCATION!
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PRICE & RENT TRENDS
Neighborhood: Mountain Rose
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Rose
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$252 | |
| Property Insurance | -$60 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$213
|
||
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.
$399,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 10.0% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
2.58
YEARS SAVED
$8,127
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,620
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
2129 E Rosemonte Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,600
- $0.96
-
2306 E Siesta Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,625
- $1.05
-
18611 N 22nd Street #74 Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2000
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
-
18611 N 22nd Street N #72 Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1999
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,695
- $0.92
-
2120 E Rosemonte Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1998
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.99
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187918
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.
