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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!
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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 | $1,530 |
| 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
-
22011 N 29th Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,530
- $0.98
-
21649 N 30th Avenue Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,390
- $0.96
-
22227 N 29th Drive Phoenix, AZ 2
- 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
-
3138 W Williams Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 1994
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.06
-
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
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.
