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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $195.88
- 2 Days on Market
- MLS # : 6197173
- Updated Date : 02/20/2021 at 22:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,480 sqft
- Baths : 1 full , 1 half
Listing Agent
Arizona 1st Land & Home Re Co
Listing Agent's Description
GREAT 3 BED, 2 BATH NORTH PHOENIX BLOCK CONSTRUCTED HOME. WHAT CURB APPEAL WITH A BEAUTIFUL GREEN FRONT YARD & MATURE SHADE TREES. OPEN LIVING AREA AND TILE FLOORING THROUGHOUT, COVERED PATIO EXTENDED WITH PAVERS AND PARTIAL DESERT LANDSCAPING FOR EZ MAINTENANCE,, REAR VEHICLE ENTRY AND MUCH MORE. CALL TO SCHEDULE YOUR VIEWING TODAY.
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PRICE & RENT TRENDS
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$173 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$35
|
||
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.
$289,900
PROJECTED PRICE
$1,300
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.4% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
5.08
YEARS SAVED
$14,948
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,369
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2218 W Dahlia Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,300
- $0.88
-
1621 W Surrey Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.93
-
1619 W Pershing Avenue Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
14219 N 24th Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1979
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,475
- $0.87
-
13129 N 21st Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,575
- $0.95
PROPERTY LISTING DETAILS
Arizona 1st Land & Home Re Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197173
Last Updated: 02/20/2021
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.
