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PROPERTY INFO
FACTS
- Single Family
- Built In 1959
- Price/Sqft : $196.83
- 3 Days on Market
- MLS # : 6172966
- Updated Date : 12/18/2020 at 17:23
CONSTRUCTION
- Beds : 4
- Floor Size : 1,702 sqft
- Baths : 1 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
WOW! FULL REMODEL !! SPECTACULAR GREATROOM FLOORPLAN! If you have a motorhome, this is your next home! Huge 40'x 20' w/ separate fence & large gate off corner lot for easy parking, FULLY SLABBED! NEWER cabinets, all NEW Quartz Counters, New Kitchen layout w/ HUGE island, NEWER Interior doors & closet doors & exterior front door, new hardware, two tone paint, plank flooring, carpet, epoxy outside, NEW ceiling fans and light fixtures, plumbing fixtures, vanities, toilets, brand NEW TUB & tile surround, BRAND NEW designer tile walk-in shower, NEW desert landscaping & drippers w/ timer, NEW SPARKLING FULLY REMODELED FENCED DIVING POOL! Comes with Ring accessories.
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PRICE & RENT TRENDS
Neighborhood: Westown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$200 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$25
|
||
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.
$335,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.3% |
| 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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
5.33
YEARS SAVED
$22,142
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,438
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3002 W Wethersfield Road Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $1,570
- $0.92
-
11629 N 31 Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1967
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,199
- $0.78
-
3414 W Cactus Road Phoenix, AZ 2
- 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961
LEASED 02/18/21- Rent
- Rent Per SQFT
- $1,449
- $0.92
-
12425 N 30th Avenue Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
2529 W Wethersfield Road Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1963
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172966
Last Updated: 12/18/2020
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.
