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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $224.80
- 2 Days on Market
- MLS # : 6163564
- Updated Date : 11/21/2020 at 12:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,601 sqft
- Baths : 2 full
Listing Agent
Deluxe Realty
Listing Agent's Description
Fantastic remodel don't miss out on this amazing home! This beautiful 4 bedroom 2 bath home is near the base of Lookout Mountain, close to the 101 and 51 for easy access around town. The house has been completely updated! Kitchen features granite countertops, tiled back splash, stainless steel appliances, grey cabinets and new fixtures. New tile in all the right places and new carpet in the bedrooms. Step out back your newly re-plastered pool. North south exposure.
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PRICE & RENT TRENDS
Neighborhood: Greenway Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greenway Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$227 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$382
|
||
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.
$359,900
PROJECTED PRICE
$1,330
PROJECTED RENT
0.37%
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
$101,124
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
1.17
YEARS SAVED
$2,012
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,421
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
2226 E Blanche Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2433 E Karen Drive Phoenix, AZ 2
- 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
-
2451 E Blanche Drive Phoenix, AZ 3
- 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,650
- $0.94
-
15855 N 18th Place Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1980
LEASED 10/10/19- Rent
- Rent Per SQFT
- $1,675
- $0.89
-
2621 E Vista Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,700
- $0.89
PROPERTY LISTING DETAILS
Deluxe Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163564
Last Updated: 11/21/2020
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.
