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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $182.78
- 2 Days on Market
- MLS # : 6187645
- Updated Date : 01/30/2021 at 18:48
CONSTRUCTION
- Beds : 4
- Floor Size : 1,696 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Fantastic opportunity to own this 4bed/2bath Phoenix home in a very convenient location. Minutes to freeways, shopping, and downtown. The airport, Phoenix Zoo, and ASU are less than 15 minutes away! This gem features great curb appeal, with RV gate, leading into the light and bright interior with tile flooring, a soothing neutral paint palate, soaring vaulted ceilings and a fluid open floor plan. Kitchen boasts dark wood cabinetry, stainless steel appliances, stylish countertops and a breakfast bar. Lovely master retreat includes private en suite. The low maintenance expansive backyard with covered patio is ready for all your personal touches. Do not miss out! Schedule your private showing today.
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PRICE & RENT TRENDS
Neighborhood: Southgate Avenue
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southgate Avenue
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$202 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$28
|
||
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.
$310,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.9% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
5.08
YEARS SAVED
$16,004
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,514
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
2622 E Southgate Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,696 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,410
- $0.83
-
4008 S 28th Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2004
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,400
- $0.93
-
2113 E Sunland Avenue Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 2005
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.87
-
2343 E Sunland Avenue Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,695
- $0.87
-
2310 E Wood Street Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017
LEASED 11/14/20- Rent
- Rent Per SQFT
- $1,725
- $0.90
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187645
Last Updated: 01/30/2021
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.
