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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $247.52
- 8 Days on Market
- MLS # : 6182301
- Updated Date : 01/17/2021 at 22:52
CONSTRUCTION
- Beds : 3
- Floor Size : 2,060 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Imagine Communities is a brand new boutique gated community just south of the Biltmore and the ever popular Arcadia district. Our homes are designed for urban living with just the right amount of modern farmhouse style. We offer both 3 & 4 bedroom spacious designs with openfloor plans. Homes range from 1688sqft all the way to 2167sqft. We've removed the guess work from the new home buying process and offer highly upgraded homes from the start, with white shaker cabinets, plush carpet, wood plank tile throughout the main floor and wet areas, two tone paint, stainless steel appliances, a farmhouse kitchen sink, quartz countertops, a butcher block island, huge walk-in closets, luxurious master bathrooms, 2 car garage and a private backyard all included as a standard!
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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 | $1,890 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$323 | |
| Property Insurance | -$67 | |
| HOA | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$521
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$509,900
PROJECTED PRICE
$1,890
PROJECTED RENT
0.37%
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) | 3.00% |
| 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
$137,124
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,475 |
| Loan Amount | $382,425 |
0.67
YEARS SAVED
$1,415
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,534
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
2601 N 27th Street #7 Phoenix, AZ 1
- 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,890
- $0.92
-
3240 E Pinchot Avenue #15 Phoenix, AZ 2
- 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019
![property image]()
LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,600
- $1.20
-
3240 E Pinchot Avenue #11 Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,650
- $1.22
-
3240 E Pinchot Avenue #10 Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 2020
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,700
- $1.24
-
3240 E Pinchot Avenue #13 Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,175 Sqft ∙ Built 2019
![property image]()
LEASED 12/04/20- Rent
- Rent Per SQFT
- $2,750
- $1.26
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182301
Last Updated: 01/17/2021
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.
