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PROPERTY INFO
FACTS
- Single Family
- Built In 1950
- Price/Sqft : $314.96
- 2 Days on Market
- MLS # : 6196825
- Updated Date : 02/20/2021 at 00:15
CONSTRUCTION
- Beds : 2
- Floor Size : 1,143 sqft
- Baths : 1 full
Listing Agent
West Usa Realty
Listing Agent's Description
Beautifully updated home! Kitchen boasts rich, dark wood cabinetry, chiseled edge granite slab counter tops, stainless steel appliances, trendy stainless steel hood, stainless steel mosaic backsplash and upgraded faucet; GAS COOKING! All appliances convey including the refrigerator and washer and dryer! Two living spaces; a living room in the front and a family room in the back. Two French door exits to the pool size back yard! Two bedrooms plus a large office! The office has its own entrance from the carport and a French door exit to the back yard. Beautifully remodeled bathroom; 2020 vanity and faucet. Distressed wood - look flooring in the dining area and kitchen and laminate wood flooring throughout the rest of the home; no carpet!
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PRICE & RENT TRENDS
Neighborhood: Meredith Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meredith Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$228 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$73
|
||
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.
$360,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$101,150
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
6.5
YEARS SAVED
$27,968
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
-
$1,697
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
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2245 E Indianola Avenue Phoenix, AZ 1
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- Rent
- Rent Per SQFT
- $0
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1646 E Indianola Avenue #a Phoenix, AZ 2
- 2 beds 2 baths ∙ 975 Sqft ∙ Built 1955 2 beds 2 baths ∙ 975 Sqft ∙ Built 1955
LEASED 03/31/20- Rent
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- $1,295
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2438 E Amelia Avenue Phoenix, AZ 3
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LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,499
- $1.50
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2434 E Amelia Avenue Phoenix, AZ 4
- 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,534
- $1.53
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2432 E Amelia Avenue Phoenix, AZ 5
- 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,585
- $1.59
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196825
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.
