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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $183.59
- 2 Days on Market
- MLS # : 6160518
- Updated Date : 11/14/2020 at 10:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,389 sqft
- Baths : 2 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Gorgeous corner lot home on a nice Phoenix neighborhood! This two story beauty offers green grass on front yard, 2 car garage w/extended driveway, cozy porch perfect for your morning coffee. Walk in to a bright & airy great room w/vaulted ceilings that add to the spacious feel. Lovely kitchen includes ample cabinetry, and speckled quartz counters. Master suite has tile flooring, a private bath with natural stone double sinks & travertine shower. Upstairs you will find a large bedroom with new carpet & tons of natural light. Delightful backyard features an extended covered patio w/pavers and beautify turf; enjoy fun gatherings or relax with your love ones. You don't wanna miss on this incredible deal!
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PRICE & RENT TRENDS
Neighborhood: Westridge Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westridge Shadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,120 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$158 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$132
|
||
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.
$255,000
PROJECTED PRICE
$1,120
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 12.3% |
| 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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
3.25
YEARS SAVED
$7,880
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,120
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,136
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
2502 N 87th Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,120
- $0.81
-
8956 W Indianola Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,095
- $0.82
-
8802 W Pinchot Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,125
- $0.80
-
9237 W Milkweed Loop Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,295
- $0.83
-
2439 N 83rd Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.82
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160518
Last Updated: 11/14/2020
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.
