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PROPERTY INFO
FACTS
- Single Family
- Built In 1937
- Price/Sqft : $244.71
- 7 Days on Market
- MLS # : 6194144
- Updated Date : 02/24/2021 at 05:09
CONSTRUCTION
- Beds : 2
- Floor Size : 1,512 sqft
- Baths : 3 full
Listing Agent
Call Realty, Inc.
Listing Agent's Description
Cash Flowing! Newly remodeled house in highly desirable 85008 zipcode! 3 bedrooms and 2 bathrooms. Large lot and great curb appeal. Updated kitchen, new wood plank tile throughout and newer carpet in bedrooms. Beautiful bathroom shower tile with glass tile accents and new fixtures. Kitchen boasts stainless steel appliances withgas range with subway tile backsplash.
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PRICE & RENT TRENDS
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$235 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$45
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$370,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$103,800
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
6.25
YEARS SAVED
$26,662
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
-
$2,117
COMP ESTIMATED VALUE -
$1.4
COMP AVG. RENT PER SQFT
Comps Range
-
2521 N 28th Place Phoenix, AZ 1
- 2 beds 3 baths ∙ 1,512 Sqft ∙ Built 1937 2 beds 3 baths ∙ 1,512 Sqft ∙ Built 1937
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3014 N 24th Place Phoenix, AZ 2
- 2 beds 2 baths ∙ 1,176 Sqft ∙ Built 1955 2 beds 2 baths ∙ 1,176 Sqft ∙ Built 1955
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,450
- $1.23
-
4014 E Windsor Avenue Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,725 Sqft ∙ Built 1951 2 beds 2 baths ∙ 1,725 Sqft ∙ Built 1951
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,995
- $1.16
-
1622 E Cheery Lynn Road Phoenix, AZ 4
- 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1945 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1945
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,350
- $1.81
PROPERTY LISTING DETAILS
Call Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194144
Last Updated: 02/24/2021
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.
