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 2006
- Price/Sqft : $211.63
- 3 Days on Market
- MLS # : 6193368
- Updated Date : 02/13/2021 at 15:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,339 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Beautiful Meritage home in Valley Vista with mountain views from covered patio and salt water pool. Kitchen has been redone with quartz countertops, new sink, fixtures and reverse osmosis system. Master bathroom has large shower with newly appointed tile and new quartz countertops. Guest bathroom was updated with new quartz countertops, new sinks and fixtures. Large Bonus room could be an exercise room, play room, office etc. Interior was repainted in 2018. Exterior was repainted in 2016 and new rain gutters were installed. Close to community park and walking trail.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$296 | |
| Property Insurance | -$73 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$237
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$495,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| 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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
3.17
YEARS SAVED
$12,708
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,982
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
27833 N Gidiyup Trail Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,339 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,339 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
28008 N 23rd Lane Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.80
-
2329 W White Feather Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
27917 N 23rd Lane Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,825
- $0.83
-
28005 N 23rd Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,050
- $0.94
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193368
Last Updated: 02/13/2021
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.
