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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $287.47
- 7 Days on Market
- MLS # : 6169524
- Updated Date : 12/18/2020 at 15:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,134 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Move-in ready, has been completely remodeled, new floor , new paint, bathroom titled floor to ceiling, granite counter in kitchen and new cabinets, etc. The home has tankless water heater, is on a huge 1/3 acre with irrigation, has a basement storage area, just minutes from downtown Phoenix. Excellent location with easy access to freeways, shopping, restaurants . nightlife and light rail coming soon, lot offers plenty of room for all of your outdoor ambitions. This gem will sell in a flash. See it and make it yours.
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PRICE & RENT TRENDS
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$1,203 |
| Property Tax | -$212 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$232
|
||
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.
$325,990
PROJECTED PRICE
$1,340
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$92,137
LOAN DETAILS
$1,203
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,498 |
| Loan Amount | $244,493 |
2.25
YEARS SAVED
$5,922
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
-
$1,434
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
22 W Carson Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1966
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8439 S 9th Place Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1982
![property image]()
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,445
- $0.86
-
6447 S 17th Place Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982
![property image]()
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
6219 S 7th Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,495
- $0.92
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169524
Last Updated: 12/18/2020
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.
