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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $219.61
- 7 Days on Market
- MLS # : 6176747
- Updated Date : 01/04/2021 at 18:42
CONSTRUCTION
- Beds : 4
- Floor Size : 1,999 sqft
- Baths : 2 full , 1 half
Listing Agent
Congress Realty, Inc.
Listing Agent's Description
Beautifully Remodeled - Near the Arcadia Area in Phoenix This stunning 2000 sq. ft. single story home with 4-bedrooms and 2.5-bath is nestled close to the nearby Arcadia area. This beautiful home boasts a desert designed landscape in the front with minimal vegetation to reduce the water footprint. The drip system makes it easy to maintain the addition of plants that can be added later. The back yard has been professionally designed with a lovely array of desert plants along with a unique rock border with tinges of real turquoise that captures the green winter grass. This design features a new landscaping system that is completely programmable. The exterior has hard-wired security lighting for your safety and it has a new roof and A/C for years of comfort and pleasure.
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PRICE & RENT TRENDS
Neighborhood: Oak Park Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Park Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,525 |
| Property Tax | -$278 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$198
|
||
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.
$439,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.8% |
| 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
$122,085
LOAN DETAILS
$1,525
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
3.25
YEARS SAVED
$11,594
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,189
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
2312 N 31st Place Phoenix, AZ 1
- 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 1951
![property image]()
- Rent
- Rent Per SQFT
- $1,770
- $0.89
-
2027 N 28th Place Phoenix, AZ 2
- 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1950 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1950
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,790
- $1.08
-
2617 N 27th Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1943
![property image]()
LEASED 05/03/20- Rent
- Rent Per SQFT
- $1,999
- $1.10
-
1231 N 34th Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1955
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.00
-
2943 E Earll Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1950
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,350
- $1.20
PROPERTY LISTING DETAILS
Congress Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176747
Last Updated: 01/04/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
