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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $240.26
- 2 Days on Market
- MLS # : 6170823
- Updated Date : 12/12/2020 at 19:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,977 sqft
- Baths : 2 full
Listing Agent
Value Rite Homes
Listing Agent's Description
**LOCATION**LOCATION**LOCATION** with close proximity to the Mountain Preserves where you can enjoy endless miles of hiking and biking. This property is also within blocks to all three K-12 Paradise Valley Schools. This Desert Dwelling gives the feel of living in the pines offering 3 Beds/2 Baths and a 14' x 21' bonus room that is air duct heated and cooled. A few of the updates include; newer AC (past 5-6 years), newer roof, pool resurfaced, detached 1-2 car tandem garage as well as Covered Parking. Other updates include; smooth finished ceilings T/O, upgraded kitchen cabinets and granite counters, convection oven and side by side SS fridge.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$299 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$6
|
||
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
$2,210
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.2% |
| 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 |
5.42
YEARS SAVED
$32,679
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,387
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
2818 E Turquoise Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1962
- Rent
- Rent Per SQFT
- $2,210
- $1.12
-
10809 N 33rd Place Phoenix, AZ 1
- 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,195
- $1.10
-
3076 E Onyx Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1970
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,200
- $1.14
-
2614 E Sahuaro Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1973
LEASED 10/22/20- Rent
- Rent Per SQFT
- $2,419
- $1.26
-
2658 E Brown Street Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1963
LEASED 10/11/20- Rent
- Rent Per SQFT
- $2,700
- $1.33
PROPERTY LISTING DETAILS
Value Rite Homes
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170823
Last Updated: 12/12/2020
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.
