Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $171.08
- 4 Days on Market
- MLS # : 6174275
- Updated Date : 12/26/2020 at 11:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,192 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Welcome home! This bright and beautiful home has been well maintained and is ready for it's newest owner to call it their own! Located just minutes from Norterra shopping dining and entertainment and convenient access to the freeway. Inside you'll find a clean, cozy and home with space that will surely meet your family's needs. Featuring a formal living room, large kitchen with ample storage, a loft living space that is perfect for a play room or an office, and spacious bedrooms. The Master suite offers tons of natural light, dual sinks, separate shower and tub, huge walk-in closet and private toilet room. The backyard is perfect for the family with easy to maintain landscaping and large covered patio for plenty of shade. Do not miss the chance to call this house your home!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$224 | |
| Property Insurance | -$70 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$28
|
||
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.
$375,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
6.17
YEARS SAVED
$30,798
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
-
$1,814
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
2336 W White Feather Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $0
- $0.00
-
28008 N 23rd Lane Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.80
-
2411 W Via Dona Road Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,795
- $0.80
-
27917 N 23rd Lane Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,825
- $0.83
-
28101 N 23rd Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2001
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,925
- $0.88
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174275
Last Updated: 12/26/2020
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.
