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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $207.77
- 2 Days on Market
- MLS # : 6174630
- Updated Date : 12/26/2020 at 12:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,492 sqft
- Baths : 2 full
Listing Agent
Networth Realty Of Phoenix
Listing Agent's Description
Charming updated home with 3 bedrooms & 2 bathrooms. Lovely kitchen with white cabinets, granite counter tops & stainless steel appliances. Wood like plank flooring throughout main living areas. Faux beams in living room. Freshly painted interior & exterior. Large backyard with covered patio. Indoor laundry and washer & dryer are included. 2 car garage. Great north Phoenix location. Schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Paradise Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$195 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$44
|
||
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.
$310,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
5.17
YEARS SAVED
$19,056
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,250
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2225 E Sandra Terrace Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,450
- $0.97
-
2846 E Kathleen Road #101 Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982
LEASED 09/10/20- Rent
- Rent Per SQFT
- $999
- $0.77
-
2827 E Le Marche Avenue #103 Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 1982
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,000
- $0.83
-
2844 E Monte Cristo Avenue #101 Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982
LEASED 11/19/20- Rent
- Rent Per SQFT
- $1,199
- $0.92
-
2433 E Karen Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1962
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,475
- $0.83
PROPERTY LISTING DETAILS
Networth Realty Of Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174630
Last Updated: 12/26/2020
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.
