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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $185.97
- 2 Days on Market
- MLS # : 6196989
- Updated Date : 02/20/2021 at 22:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,882 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
Excellent 3 bedrooms, 2.5 bath available in the desirable gated community of Sonoran Foothills. Must see interior is sure to impress. Flowing floor plan offers a living room with wood look flooring, soaring ceilings and a charming corner fireplace, leading into the open concept kitchen/dining area. Stylish kitchen with a granite center island is perfect for gathering with friends and family. Lovely master retreat with french doors to balcony, includes en suite with his and her vanities. Enjoy relaxing on your private covered paver patio. Community benefits include a clubhouse, community pool, playgrounds, and lots of nearby hiking trails. Terrific location near freeways shopping and restaurants. Do not miss out on this gem. See it today!
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PRICE & RENT TRENDS
Neighborhood: Sonoran Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$210 | |
| Property Insurance | -$64 | |
| HOA | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$31
|
||
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.
$350,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.58
YEARS SAVED
$16,579
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
-
$1,717
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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2420 W Dusty Wren Drive Phoenix, AZ 1
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- Rent Per SQFT
- $0
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2379 W Dusty Wren Drive Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005
LEASED 07/01/20- Rent
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- $1,600
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LEASED 05/10/20- Rent
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- $1,750
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2375 W Sleepy Ranch Road Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2005
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,750
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2406 W Jake Haven Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 2004
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,950
- $0.93
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196989
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.
