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PROPERTY INFO
FACTS
- Single Family
- Built In 1949
- Price/Sqft : $257.14
- 3 Days on Market
- MLS # : 6181162
- Updated Date : 01/15/2021 at 02:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,050 sqft
- Baths : 1 full
Listing Agent
Tierra Bella Realty
Listing Agent's Description
***NOT FOR RENT*** MOVE-IN READY BLOCK HOME *** You will definitely want to schedule your visit to this cute mid-century block home located only miles from Arcadia and the Biltmore areas. Bedrooms are all on one side of the home with the living room area in the middle and the kitchen and formal dining room on the other end. The spacious backyard offers you an extended covered patio and plenty of room to bring your creative landscape design to life! Conveniently located near dining, shopping and freeway access. Come see it today, you won't be disappointed!!!
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PRICE & RENT TRENDS
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$183 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$82
|
||
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.
$270,000
PROJECTED PRICE
$1,350
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.7% |
| 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
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
7.25
YEARS SAVED
$23,946
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$1.29
LIST RENT PER SQFT
-
$1,449
COMP ESTIMATED VALUE -
$1.38
COMP AVG. RENT PER SQFT
Comps Range
-
2807 E Earll Drive Phoenix, AZ 3
- 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1949 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1949
- Rent
- Rent Per SQFT
- $1,350
- $1.29
-
3402 N 32nd Street #141 Phoenix, AZ 1
- 2 beds 2 baths ∙ 792 Sqft ∙ Built 1969 2 beds 2 baths ∙ 792 Sqft ∙ Built 1969
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,150
- $1.45
-
3402 N 32nd Street #101 Phoenix, AZ 2
- 2 beds 2 baths ∙ 941 Sqft ∙ Built 1969 2 beds 2 baths ∙ 941 Sqft ∙ Built 1969
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,195
- $1.27
-
3037 E Mulberry Drive Phoenix, AZ 4
- 2 beds 1 baths ∙ 1,147 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,147 Sqft ∙ Built 1947
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,495
- $1.30
-
2438 E Amelia Avenue Phoenix, AZ 5
- 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,499
- $1.50
PROPERTY LISTING DETAILS
Tierra Bella Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181162
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
