Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $189.28
- 2 Days on Market
- MLS # : 6177644
- Updated Date : 01/09/2021 at 16:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,558 sqft
- Baths : 2 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
COMING SOON! Beautiful 3 bed/2.5bath on a corner lot in Phoenix! This home boasts an open floor plan, a 2 car garage, low maintenance landscaping, & newly remodeled wood tile floors! Chef's kitchen is equipped with a Samsung fridge, a black electric stove, SS appliances, ample storage & counter space & a pantry! The master bedroom features a full bath with dual sinks, an oversized oval tub & 2 large walk-in closets. The backyard showcases a cozy covered patio & pavers. Photos & 3D virtual tour to come!
SEE MORE
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 | $1,530 |
EXPENSES | Loan Payment | -$1,024 |
Property Tax | -$177 | |
Property Insurance | -$58 | |
HOA | -$70 | |
Property Management Fees | -$99 | |
CASH FLOW
$103
|
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.
$294,900
PROJECTED PRICE
$1,530
PROJECTED RENT
0.52%
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
$83,899
LOAN DETAILS
$1,024
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $73,725 |
Loan Amount | $221,175 |
7.33
YEARS SAVED
$26,602
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,577
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177644
Last Updated: 01/09/2021

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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.