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 1971
- Price/Sqft : $235.79
- 4 Days on Market
- MLS # : 6197628
- Updated Date : 02/25/2021 at 19:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,375 sqft
- Baths : 2 full
Listing Agent
Grayson & Grayson
Listing Agent's Description
Registered as a bird sanctuary, this home nestled beneath the Phoenix Trail 100 features a xeriscape landscaping design that incorporates a permaculture philosophy that allows native plants to thrive. A large courtyard welcomes you into the single story home where you will find stained concrete floors, large living areas, a formal dining room with mountain views, a galley kitchen that opens to the formal living room, two separate work spaces/dens/meditation rooms, and a master suite that is split from the other bedrooms that has views of the front courtyard. The huge backyard has a pebble tec pool with a weather cover, waterfall feature, and an in-floor cleaning system. The home also has solar installed, a huge naturally cooled chicken coop, and an above ground spa.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Greenridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greenridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,945 |
| Property Tax | -$353 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$390
|
||
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.
$560,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$154,150
LOAN DETAILS
$1,945
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $140,000 |
| Loan Amount | $420,000 |
1.92
YEARS SAVED
$6,776
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
-
$2,411
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
2526 E North Lane Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,375 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,375 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3409 E Mountain View Road Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1960
![property image]()
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.92
-
3555 E North Lane Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1971
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,195
- $1.01
-
2265 E Becker Lane Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.99
-
10625 N 25th Street Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1972
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $2,900
- $1.14
PROPERTY LISTING DETAILS
Grayson & Grayson
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197628
Last Updated: 02/25/2021
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.
