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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $194.21
- 2 Days on Market
- MLS # : 6187810
- Updated Date : 01/30/2021 at 16:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,797 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Do not miss the opportunity to own this beautiful home, NO HOA, located in the Desirable N Phoenix Rancho Encanto Subdivision. House just got an update with new paint interior/exterior, Large & brand new kitchen with new Quartz counter top, new stainless steel appliance , new cabinets with large molding, New ceramic tile, New AC replaced by previous owner in May 2020, Carpet is fairly new. New epoxy flooring in Garage, New 4.5' baseboard thru out the house, New bathrooms vanity/Quart top & new faucets, new toilets, new blinds, new light fixtures. 4 new sky lights. Large Size Backyard w/Large Storage Shed & Lots Of Potential, Back Gate Leads To Greenbelt. Large Enclosed AZ room with window AC. Two RV gates with extended driveway. EZ access to I17. Buyers to verify information
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PRICE & RENT TRENDS
Neighborhood: Rancho Encanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Encanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$208 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$222
|
||
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.
$349,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| 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
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
2.42
YEARS SAVED
$6,267
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,321
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
3001 W Grandview Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,360
- $0.76
-
3932 W Woodridge Drive Glendale, AZ 1
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,299
- $0.73
-
13835 N 34th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969
LEASED 08/03/19- Rent
- Rent Per SQFT
- $1,575
- $0.74
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187810
Last Updated: 01/30/2021
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.
