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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $177.77
- 1 Days on Market
- MLS # : 6203792
- Updated Date : 03/07/2021 at 01:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,772 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Amazing Townhome tucked back into a quiet community. This home features an open floor concept in the Kitchen and Great Room. SO much space with a 2 car garage and a ton of storage. Private Master bed on bottom floor with en-suite bath and walk in closet. Third level has a loft, full bath and 2 spacious bedrooms. Tons of light pouring in the living spaces. Interior features include Vinyl Plank floors, carpet in the beds and the Stairway. Granite Countertops, Alder Cabinets, Ceiling fans, Faux Wood Window Treatments, and 2 Private Balconies one with Mtn Views. Great location close to schools and shopping, and easy access to both the 101 and I17 Freeway.
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PRICE & RENT TRENDS
Neighborhood: Berkana on Adobe Mountain Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Berkana on Adobe Mountain Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$253 | |
| Property Insurance | -$62 | |
| HOA | -$198 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$266
|
||
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.
$315,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.6% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
1.08
YEARS SAVED
$1,376
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,697
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
22125 N 29th Avenue #139 Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,440
- $0.81
-
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
-
22051 N 30th Drive Phoenix, AZ 3
- 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 4
- 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
-
22010 N 29th Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2002
LEASED 02/19/22- Rent
- Rent Per SQFT
- $1,800
- $1.00
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203792
Last Updated: 03/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
