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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $195.17
- 3 Days on Market
- MLS # : 6186058
- Updated Date : 01/29/2021 at 18:07
CONSTRUCTION
- Beds : 4
- Floor Size : 1,844 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Beautifully updated 4 bedroom / 2.75-bathroom single level home with 2 car extended/over height garage, complete with workshop and additional storage! This spacious, single level, open concept home provides a great flex option! The 4th bedroom/mother-in-law suite has a separate entrance, adjacent bath with walk in shower, great for multi-generational living, or use the large 18' x 21' space as a fantastic family/entertainment room! The tastefully updated kitchen features granite counters, stainless steel appliances, new dishwasher, and breakfast bar. Neutral tile can be found throughout all common living areas and bathrooms, new carpet just installed in 3 of the 4 bedrooms, all new window treatments, new light fixtures and fans, and interior freshly painted. The detached garage with
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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 | $1,520 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$215 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$107
|
||
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.
$359,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.42%
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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
4
YEARS SAVED
$13,226
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,554
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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2615 W Corrine Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1963 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,520
- $0.82
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3037 W Charter Oak Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,395
- $0.87
-
12425 N 30th Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
2529 W Wethersfield Road Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
2168 W Sharon Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1971
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,625
- $0.82
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186058
Last Updated: 01/29/2021
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.
