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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $164.28
- 2 Days on Market
- MLS # : 6172013
- Updated Date : 12/19/2020 at 16:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,674 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
clean Clean CLEAN Beautiful home in North Phoenix. Close to shopping, dining, freeway, and more! Warm wall tons and neutral flooring sweeping throughout. Eat in kitchen is complete with breakfast bar, a plethora of cabinets, and black appliances. Large loft upstairs! Master suite has plush carpet with ceiling fan and picture window. Full bathroom with single sink vanity and private toilet room. Spacious walk in closet! Oversized backyard features an extended patio with easy to maintain landscaping and plenty of room for entertaining. This home is sure to go quick, so come see it and use SHOWINGTIME! Professional Photos Saturday evening!
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PRICE & RENT TRENDS
Neighborhood: Adobe Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Adobe Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$165 | |
| Property Insurance | -$60 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$222
|
||
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.
$275,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.6% |
| 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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
9.67
YEARS SAVED
$44,317
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,628
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
22003 N 29th Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,620
- $0.97
-
22227 N 29th Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,515
- $0.97
-
22051 N 30th Drive Phoenix, AZ 2
- 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 3
- 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
-
22209 N 29th Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,625
- $1.06
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172013
Last Updated: 12/19/2020
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.
