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PROPERTY INFO
FACTS
- Single Family
- Built In 1949
- Price/Sqft : $205.12
- 2 Days on Market
- MLS # : 6168052
- Updated Date : 12/05/2020 at 01:20
CONSTRUCTION
- Beds : 4
- Floor Size : 1,560 sqft
- Baths : 2 full
Listing Agent
Equity Realty Group, Llc
Listing Agent's Description
Beautifully Newly REMODELED home! This is a 4 bedroom, 2 bath, 1560 sqft. Freshly painted both outside and inside entire home. New carpet in bedrooms and tile through main areas of the home. New windows and ceiling fans throughout. Master Bedroom features walk-in closet and Master shower. Bathrooms have been fully remodeled! Property features a RV side gate with Pass through carport to the backyard. Updated kitchen with refinished cabinets, new backsplash, sink, and countertops. New roof and new AC. Home is move-in ready and ready for your enjoyment!
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PRICE & RENT TRENDS
Neighborhood: Mcdowell Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mcdowell Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$203 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$40
|
||
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.
$319,990
PROJECTED PRICE
$1,500
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.8% |
| 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
$90,547
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,998 |
| Loan Amount | $239,993 |
5.08
YEARS SAVED
$19,506
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,654
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
3010 E Portland Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1949 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1949
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2702 E Brill Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1938
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,345
- $0.99
-
2448 N 38th Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,395
- $1.13
-
1802 N 20th Street Phoenix, AZ 4
- 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1947
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,500
- $1.04
-
2027 N 28th Place Phoenix, AZ 5
- 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1950 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1950
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,790
- $1.08
PROPERTY LISTING DETAILS
Equity Realty Group, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168052
Last Updated: 12/05/2020
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.
