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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $244.96
- 3 Days on Market
- MLS # : 6198669
- Updated Date : 02/26/2021 at 16:58
CONSTRUCTION
- Beds : 5
- Floor Size : 3,919 sqft
- Baths : 4 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Fireside at Desert Ridge- Immaculate, Spacious and Recently Renovated 5bdrm,4.5baths,4 car garage with pool & spa. Beautifully appointed home with high end features throughout, circular entryway with tile mosaic. Open floor plan offering great ceiling height, wood flooring and custom millwork at main level, NEW tiled surround double fireplace showcased in family and living room. Huge kitchen with island, tons of cabinets, SS 48inch KitchenAid built in refrigerator, SS Bosch dishwasher, double ovens, gas cooktop & convection oven/microwave. Butler's pantry leads to the dining room. Guest suite off kitchen with renovated bath and slider to fantastic backyard. Renovated Bonus room downstairs perfect for office or playroom.
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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 | $4,140 |
| EXPENSES | Loan Payment | -$3,334 |
| Property Tax | -$605 | |
| Property Insurance | -$104 | |
| HOA | -$157 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$159
|
||
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.
$960,000
PROJECTED PRICE
$4,140
PROJECTED RENT
0.43%
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
$260,150
LOAN DETAILS
$3,334
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $240,000 |
| Loan Amount | $720,000 |
4.33
YEARS SAVED
$40,006
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,140
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$3,880
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
21709 N 37th Street Phoenix, AZ 4
- 5 beds 5 baths ∙ 3,919 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,919 Sqft ∙ Built 2007
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- Rent
- Rent Per SQFT
- $4,140
- $1.06
-
3993 E Hummingbird Lane Phoenix, AZ 1
- 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004
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LEASED 07/20/20- Rent
- Rent Per SQFT
- $3,450
- $0.91
-
3962 E Morning Dove Trail Phoenix, AZ 2
- 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005
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LEASED 10/14/19- Rent
- Rent Per SQFT
- $3,850
- $1.02
-
3781 E Ringtail Way Phoenix, AZ 3
- 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,959 Sqft ∙ Built 2012
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $3,900
- $0.99
-
21909 N 37th Terrace Phoenix, AZ 5
- 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012 6 beds 5 baths ∙ 4,227 Sqft ∙ Built 2012
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $4,395
- $1.04
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198669
Last Updated: 02/26/2021
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.
