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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $189.42
- 5 Days on Market
- MLS # : 6171758
- Updated Date : 12/16/2020 at 13:35
CONSTRUCTION
- Beds : 4
- Floor Size : 1,795 sqft
- Baths : 3 full
Listing Agent
Delex Realty
Listing Agent's Description
GREAT HOME IN NORTH/CENTRAL PHOENIX . OPEN FLOORPLAN FOR THE KITCHEN, DINING, AND FAMILY ROOM. THE EAT IN KITCHEN HAS PLETHORA OF CABINETS, APPLIANCES, AND PANTRY. LARGE BACKYARD WITH AN RV GATE AND 2 CAR GARAGE FOR ALL YOUR TOYS. CLOSE TO SCHOOLS AND SHOPPING. A 15 MINUTE DRIVE WILL TAKE YOU TO WESTGATE ENTERTAIMENT CENTER AND SHOPPING, DOWNTOWN PHOENIX SPORTS ARENA AND BASEBALL STADIUM.THERE ARE 4 BEDROOMS AND 3 BATHROOMS: ONE FOR EACH MEMBER OF THE FAMILY. TILE FLOORING THROUGHT THE HOUSE. BRAND NEW A/C UNIT REPLACED THIS PAST SUMMER, AND HOME WAS PROFESIONALLY REMODELED BACK IN 2016.
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PRICE & RENT TRENDS
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$203 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$178
|
||
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.
$340,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.4% |
| 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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
3.25
YEARS SAVED
$10,673
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,526
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2318 W Cholla Street Phoenix, AZ 2
- 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $1,440
- $0.80
-
3037 W Charter Oak Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,395
- $0.87
-
12425 N 30th Avenue Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
2529 W Wethersfield Road Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
2328 W Altadena Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,485
- $0.85
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171758
Last Updated: 12/16/2020
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.
