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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $236.03
- 6 Days on Market
- MLS # : 6174109
- Updated Date : 12/29/2020 at 16:08
CONSTRUCTION
- Beds : 5
- Floor Size : 3,919 sqft
- Baths : 4 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Beautiful home in desired Desert Ridge location. This rare ''Euphrates'' model is situated on an exclusive private lot (over 10000 sq ft) with open view fencing. The grand entry opens to a formal dining room and living room which features the hallmark of this home; a stunning dual-sided see through gas fireplace. Upgraded chair railing and crown molding run throughout, while warm paint colors complete the custom look. The stately wrought iron staircase leads to a gracious and tranquil master retreat which opens onto the upstairs loft space. Huge kitchen with upgraded GE Monogram gas stove, electric built in oven, microwave, and GE Monogram built in refrigerator. Granite countertops, with kitchen Island, and butlers pantry,Mud room, and lots of storage. Large 4 car garage.
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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 | $3,900 |
| EXPENSES | Loan Payment | -$3,413 |
| Property Tax | -$583 | |
| Property Insurance | -$104 | |
| HOA | -$159 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$457
|
||
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.
$925,000
PROJECTED PRICE
$3,900
PROJECTED RENT
0.42%
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
$250,875
LOAN DETAILS
$3,413
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $231,250 |
| Loan Amount | $693,750 |
2.92
YEARS SAVED
$25,405
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,880
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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21807 N 37th Street Phoenix, AZ 1
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- $0
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3993 E Hummingbird Lane Phoenix, AZ 2
- 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004
LEASED 07/20/20- Rent
- Rent Per SQFT
- $3,450
- $0.91
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3962 E Morning Dove Trail Phoenix, AZ 3
- 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005
LEASED 10/14/19- Rent
- Rent Per SQFT
- $3,850
- $1.02
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3781 E Ringtail Way Phoenix, AZ 4
- 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
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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
LEASED 05/01/20- Rent
- Rent Per SQFT
- $4,395
- $1.04
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174109
Last Updated: 12/29/2020
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.
