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 2019
- Price/Sqft : $185.59
- 6 Days on Market
- MLS # : 6191751
- Updated Date : 02/17/2021 at 03:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,047 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Welcome home!! For under $400K you can call this absolutely stunning 2019 home your own. Yes, we said 2019! This house is still even under builder warranty! Enjoy the huge open floor plan which is an entertainer's dream. 4 bedrooms, 2 baths, new 2020 pool, new 2020 200 sq/ft storage shed, tile roof, 2 car garage, and an RV gate! Even in this market, you can still get an amazing deal. This won't last. Schedule your showing today before it's too late.
SEE MORE
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 | $1,820 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$247 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$87
|
||
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.
$379,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.48%
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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
6.58
YEARS SAVED
$30,219
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,806
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2631 E Jones Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,820
- $0.89
-
2113 E Sunland Avenue Phoenix, AZ 1
- 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 2
- 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 3
- 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
-
1722 E Grenadine Road Phoenix, AZ 5
- 4 beds 4 baths ∙ 2,247 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,247 Sqft ∙ Built 2017
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,000
- $0.89
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191751
Last Updated: 02/17/2021
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.
