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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $296.54
- 2 Days on Market
- MLS # : 6197137
- Updated Date : 02/20/2021 at 20:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,703 sqft
- Baths : 2 full
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
This Phoenix one-story cul-de-sac home offers a patio, and a two-car garage. This home is vacant and cleaned regularly.
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PRICE & RENT TRENDS
Neighborhood: Missouri Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Missouri Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,754 |
| Property Tax | -$363 | |
| Property Insurance | -$60 | |
| HOA | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$441
|
||
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.
$505,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.4% |
| 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
$139,575
LOAN DETAILS
$1,754
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $126,250 |
| Loan Amount | $378,750 |
1.25
YEARS SAVED
$2,841
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,039
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
237 W Denton Lane Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5750 N 10th Street #16 Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1984
LEASED 10/15/19- Rent
- Rent Per SQFT
- $2,030
- $1.23
-
6349 N 10th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1995
LEASED 08/26/19- Rent
- Rent Per SQFT
- $2,100
- $1.21
-
5726 N 10th Street #11 Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1980
LEASED 12/27/20- Rent
- Rent Per SQFT
- $2,100
- $1.21
-
6125 N Central Avenue #11 Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,200
- $1.14
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197137
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.
