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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $145.07
- 4 Days on Market
- MLS # : 6192698
- Updated Date : 02/12/2021 at 23:02
CONSTRUCTION
- Beds : 4
- Floor Size : 4,205 sqft
- Baths : 4 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Spacious Highly Sought After Toll Brothers Home on a corner lot in Tramonto. Pictures do not do this home justice. Bring your pickiest clients to this home which features numerous builder upgrades and displays immense pride of ownership and cleanliness. Massive Formal Dining, Living, Family and Bonus Rooms Provide an Abundance of Space for Work, Exercise and Entertainment. In Addition to 4 Large Bedrooms this home features a Downstairs Office/Den and Upstairs Bonus/Game/Movie Theater Space. An abundance of Windows, Can and Accent Lights throughout this home provide a Bright and Uplifting Feeling throughout. Adjacent to Mountains with Hiking Trails and Tramonto Community Amenities. Minutes From Shopping, Restaurants and Freeway Access to Head up North or to nearby Lake Pleasant. Won't Last!
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PRICE & RENT TRENDS
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,550 |
| EXPENSES | Loan Payment | -$2,119 |
| Property Tax | -$389 | |
| Property Insurance | -$109 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$175
|
||
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.
$610,000
PROJECTED PRICE
$2,550
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| 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
$167,400
LOAN DETAILS
$2,119
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $152,500 |
| Loan Amount | $457,500 |
3.67
YEARS SAVED
$20,873
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,649
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
2934 W Donatello Drive Phoenix, AZ 1
- 4 beds 4 baths ∙ 4,205 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,205 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3022 W Gran Paradiso Drive Phoenix, AZ 2
- 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.63
-
33817 N 23rd Drive Phoenix, AZ 3
- 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,795
- $0.63
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192698
Last Updated: 02/12/2021
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.
