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 1988
- Price/Sqft : $221.76
- 3 Days on Market
- MLS # : 6172859
- Updated Date : 12/19/2020 at 14:32
CONSTRUCTION
- Beds : 3
- Floor Size : 2,142 sqft
- Baths : 2 full , 1 half
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
The minute you walk into this fantastic place, you will feel right at home, it's so warm and inviting! It will be a great gift for yourself this Holiday season, and you will love the pride of ownership you will find in every room!! This 3 bedroom PLUS a den home has an upgraded kitchen with granite countertops, raised panel Stone Creek custom cabinets, beautiful tile backsplash and self closing kitchen drawers. Walk in pantry with pull out shelving set up for a coffee bar. Updated bathrooms with Quartz countertops, and check out that walk in shower in the master bath! Pool access from the master bath to a serene side yard sitting area with pavers, turf, water fountain and above string lighting. The recently upgraded backyard oasis comes with Heated pool/spa outdoor fireplace,
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$338 | |
| Property Insurance | -$69 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$203
|
||
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.
$475,000
PROJECTED PRICE
$2,060
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
3.33
YEARS SAVED
$15,770
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,110
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
2748 E Mountain Sky Avenue Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,060
- $0.96
-
2750 E Cathedral Rock Drive Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1988
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.85
-
3233 E Brookwood Court Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,995
- $1.02
-
2904 E Verbena Drive Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,995
- $1.03
-
2917 E Windsong Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1995
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,250
- $1.04
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172859
Last Updated: 12/19/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
