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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $255.68
- 2 Days on Market
- MLS # : 6205461
- Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,936 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Exquisite ecclectic home with a soul! NOT a trend replica and NOT afraid of color. Indigenous Arizona, with custom artisan glazed tiles, each room is a discovery. Think Royal Palms or Hermosa Inn, where southwest heritage still lives. Renovated kitchen with gorgeous cobalt blue countertops, clear alder cabinetry, upscale appliances, bar seating in 2 areas, and a pass through to the cabana bar outside. Massive family room fireplace attracts gathering. Master bedroom with custom built-in closets, with amazing tile detailing. Bath with alder cabinets, stone tilework, custom mirrors and lighting. Each bedroom is uniquely designed with regal built-in tiled headboads. The backyard is another burst of color, with a riot of bougainvillas, painted accents, pool with baja shelf, firepit and spa.
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PRICE & RENT TRENDS
Neighborhood: Shadow Rock Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shadow Rock Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$295 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$379
|
||
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.
$495,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
1.67
YEARS SAVED
$4,876
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,834
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
224 E Surrey Avenue Phoenix, AZ 5
- 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,800
- $0.93
-
915 E Hearn Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1998
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.96
-
16 E Willow Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982
LEASED 02/07/21- Rent
- Rent Per SQFT
- $1,750
- $0.90
-
13249 N 14th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
230 E Wood Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6205461
Last Updated: 03/13/2021
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.
