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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $211.19
- 2 Days on Market
- MLS # : 6165489
- Updated Date : 11/27/2020 at 20:42
CONSTRUCTION
- Beds : 4
- Floor Size : 1,823 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
READY FULLY REMODELED BEAUTIFUL HOUSE LOCATED IN THE MOST DESIRED AREA. CLOSE TO I-17 AND 101 FREEWAYS . THIS HOUSE HAS 4 BEDROOMS WITH TOW FULL BATHES BEAUTIFUL NEW KITCHEN AND BATHROOMS. TILE THROUGHOUT THE HOUSE WITH NICE EXTENDED COVERED PATIO AND A LARGE BACKYARD WITH RV GATE. NEW EXTERIOR AND INTERIOR PAINT AND NO HOA THIS ONE WONT LAST TOO LONG COME AND CHECK IT OUT.
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PRICE & RENT TRENDS
Neighborhood: Foothills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$230 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$303
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$385,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
2.08
YEARS SAVED
$6,271
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,677
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
21402 N 34th Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
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3146 W Potter Drive Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1987
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.94
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22051 N 30th Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 2001
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,595
- $0.91
-
21842 N 31st Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.95
-
22043 N 30th Lane Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2001
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,695
- $0.88
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165489
Last Updated: 11/27/2020
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.
