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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $205.14
- 5 Days on Market
- MLS # : 6200127
- Updated Date : 02/27/2021 at 04:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,413 sqft
- Baths : 3 full
Listing Agent
Jason Mitchell Real Estate
Listing Agent's Description
Welcome Home! Come check out this updated spacious home with a private courtyard and RV gate. This home features 4 bedrooms and 3 full bathrooms, the floors are wood look tile that span throughout the home. The updated Kitchen includes white cabinetry, sleek countertops and stainless-steel appliances. The great room includes a cozy 2-way fireplace and great open space. This lot is 10,998 sqft that give you plenty of space to enjoy and make it your own. Don't miss out on your opportunity to own this wonderful home.
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PRICE & RENT TRENDS
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$295 | |
| Property Insurance | -$74 | |
| 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.
$495,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.4% |
| 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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
4.17
YEARS SAVED
$19,408
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
-
$2,329
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
302 E Caribbean Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
101 W Kathleen Road Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979
![property image]()
LEASED 12/03/19- Rent
- Rent Per SQFT
- $2,095
- $0.89
-
16009 N 7th Drive Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
-
209 E Coral Gables Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977
![property image]()
LEASED 09/30/19- Rent
- Rent Per SQFT
- $2,395
- $1.01
-
14624 N 7th Place Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.03
PROPERTY LISTING DETAILS
Jason Mitchell Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200127
Last Updated: 02/27/2021
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.
