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 1962
- Price/Sqft : $183.61
- 2 Days on Market
- MLS # : 6168123
- Updated Date : 12/05/2020 at 01:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,470 sqft
- Baths : 2 full
Listing Agent
Delex Realty
Listing Agent's Description
A 3 bedrooms, 2 bath home; move-in ready. Fresh paint in and out. New flooring and fixtures. Covered patio with north/south exposure facing a large backyard. Clean, vacant, and easy to show.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Cox Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cox Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$161 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
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.
$269,900
PROJECTED PRICE
$1,220
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.9% |
| 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
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
4
YEARS SAVED
$11,758
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
-
$1,231
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2508 W Wethersfield Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1962
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2213 W Cortez Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1961
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,049
- $0.82
-
2336 W Poinsettia Drive Phoenix, AZ 3
- 3 beds 1 baths ∙ 1,481 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,481 Sqft ∙ Built 1971
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,175
- $0.79
-
3108 W Larkspur Drive W Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,200
- $0.89
-
2328 W Altadena Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1969
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,485
- $0.85
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168123
Last Updated: 12/05/2020
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.
