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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $164.65
- 4 Days on Market
- MLS # : 6180691
- Updated Date : 01/15/2021 at 02:17
CONSTRUCTION
- Beds : 5
- Floor Size : 3,796 sqft
- Baths : 3 full
Listing Agent
North & Co
Listing Agent's Description
RENOVATED STUNNER W/ RESORT YARD & INCREDIBLE MTN. VIEWS!! Total gem featuring a flowing floor plan w/ tons of natural light, inviting open kitchen w/ crisp white cabinetry/ quartz counters, stainless appliance/ sink ensemble & extended peninsula w/ bar seating, transitional plank flooring in all common areas, gorgeous light fixtures, plantation shutters & accent hardware thru-out, 1st floor den, guest bedroom/ bath, generous master suite w/ vaulted ceilings & huge bath w/ split vanities, separate shower/ soaking tub, massive bonus room & expansive dbl balcony w/ striking panoramic views overlooking the impressive private yard w/ built-in outdoor kitchen & cozy fire pit, sparkling free-form pool, covered patio, plenty of grass, colorful manicured landscaping & JUST TOO MUCH MORE TO LIST!!!
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PRICE & RENT TRENDS
Neighborhood: Entrada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Entrada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,610 |
| EXPENSES | Loan Payment | -$2,171 |
| Property Tax | -$389 | |
| Property Insurance | -$101 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
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.
$624,999
PROJECTED PRICE
$2,610
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.7% |
| 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
$171,375
LOAN DETAILS
$2,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,250 |
| Loan Amount | $468,749 |
3.92
YEARS SAVED
$22,800
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
-
$2,572
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
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25029 N 63rd Drive Phoenix, AZ 1
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- $2,395
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- 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,635 Sqft ∙ Built 1995
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,495
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25444 N 68th Lane Peoria, AZ 4
- 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,722 Sqft ∙ Built 2002
LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,500
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6342 W Hackamore Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 3,976 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,976 Sqft ∙ Built 1999
LEASED 06/16/20- Rent
- Rent Per SQFT
- $2,750
- $0.69
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180691
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
