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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $206.88
- 3 Days on Market
- MLS # : 6164569
- Updated Date : 12/04/2020 at 14:37
CONSTRUCTION
- Beds : 6
- Floor Size : 4,302 sqft
- Baths : 4 full , 1 half
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
A must-see 4,302 square foot family home featuring 5 bedrooms (the primary bedroom is located on the first floor), a den, 3.5 baths in the main house plus a casita with a full bath and a 4-car garage located in Fireside of Desert Ridge. Upon arrival, a gorgeous courtyard welcomes you with travertine pavers and an intricate metal door. The spacious family room features a custom-built entertainment center, 24 foot ceilings and a gas fireplace. The kitchen is an entertainer's delight with a large island, gas cook top with range hood, stainless steel appliances, and finely crafted cabinets. The sophisticated decor of the dining room includes a stunning metal chandelier creating an elegant dining environment. The palatial primary bedroom has carpet flooring, his-and-her closets with plentiful
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PRICE & RENT TRENDS
Neighborhood: Fireside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fireside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,040 |
| EXPENSES | Loan Payment | -$3,284 |
| Property Tax | -$568 | |
| Property Insurance | -$111 | |
| HOA | -$157 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$179
|
||
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.
$890,000
PROJECTED PRICE
$4,040
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.4% |
| 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
$241,600
LOAN DETAILS
$3,284
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $222,500 |
| Loan Amount | $667,500 |
4.33
YEARS SAVED
$43,510
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,040
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$4,259
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
21530 N 37th Street Phoenix, AZ 2
- 6 beds 5 baths ∙ 4,302 Sqft ∙ Built 2007 6 beds 5 baths ∙ 4,302 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $4,040
- $0.94
-
3781 E Ringtail Way Phoenix, AZ 1
- 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012
LEASED 07/20/20- Rent
- Rent Per SQFT
- $3,900
- $0.99
-
3124 E Half Hitch Place Phoenix, AZ 3
- 5 beds 4 baths ∙ 4,501 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,501 Sqft ∙ Built 2014
LEASED 07/05/19- Rent
- Rent Per SQFT
- $4,250
- $0.94
-
21909 N 37th Terrace Phoenix, AZ 4
- 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012
LEASED 05/01/20- Rent
- Rent Per SQFT
- $4,395
- $1.04
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164569
Last Updated: 12/04/2020
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.
