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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $127.31
- 2 Days on Market
- MLS # : 6178990
- Updated Date : 01/09/2021 at 17:39
CONSTRUCTION
- Beds : 6
- Floor Size : 2,160 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Welcome Home! This beautifully renovated 6 bedroom, 2.5 bathroom home boasts a spacious layout, tile floor throughout, fully renovated bathrooms, and a gorgeous kitchen with granite countertops. The kitchen is open to the family room to allow for a great room feel, including a fireplace for those cold winter nights. If entertaining is your thing, you will love the formal living and dining room. All this, and a great location too; Just minutes from shopping and grocery stores! Don't miss out on this wonderful opportunity to call this house your home!
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$149 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$728
|
||
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.
$275,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
16.42
YEARS SAVED
$75,377
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,592
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
2931 N 39th Drive Phoenix, AZ 1
- 6 beds 3 baths ∙ 2,160 Sqft ∙ Built 1958 6 beds 3 baths ∙ 2,160 Sqft ∙ Built 1958
![property image]()
- Rent
- Rent Per SQFT
- $2,000
- $0.93
-
2402 W Mulberry Drive Phoenix, AZ 2
- 5 beds 3 baths ∙ 1,993 Sqft ∙ Built 1956 5 beds 3 baths ∙ 1,993 Sqft ∙ Built 1956
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,400
- $1.20
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178990
Last Updated: 01/09/2021
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.
