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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $211.40
- 4 Days on Market
- MLS # : 6162255
- Updated Date : 11/19/2020 at 03:28
CONSTRUCTION
- Beds : 3
- Floor Size : 1,395 sqft
- Baths : 2 full
Listing Agent
Dpr Realty Llc
Listing Agent's Description
3 Bed/2 Bath single level home in North Phoenix. NO HOA! Spacious, open floodplan, formal dining room, comfortable family room open to kitchen for easy entertaining, breakfast bar at kitchen island plus eating area, vaulted ceilings, large covered patio, nice master bed/bath with separate shower/tub & double sinks. House is located on a quiet street in a pleasant neighborhood. Conveniently close to all Freeways. Neighborhood close to number of schools. Less than 5 minutes to Norterra.
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PRICE & RENT TRENDS
Neighborhood: Foothills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$177 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$138
|
||
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.
$294,900
PROJECTED PRICE
$1,280
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.7% |
| 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
$83,899
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
3.5
YEARS SAVED
$10,513
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
-
$1,419
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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2961 W Lone Cactus Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997
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- Rent
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- $0
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3047 W Zachary Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1998
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LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,355
- $1.00
-
21649 N 30th Avenue Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,390
- $0.96
-
3046 W Abraham Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1997
![property image]()
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,495
- $1.07
-
22013 N 29th Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003
![property image]()
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,595
- $1.04
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162255
Last Updated: 11/19/2020
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.
