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PROPERTY INFO
FACTS
- Single Family
- Built In 1949
- Price/Sqft : $179.71
- 6 Days on Market
- MLS # : 6166171
- Updated Date : 12/01/2020 at 12:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,593 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
If you are looking for a home in a cul de sac that has lots of room for entertaining and a large lot size plus an amazing amount of living space & storage, look no further.This home boasts an abundance of space for your family. 4 bedrooms, 2 baths, a great room, a family room, dining room. The Master bedroom has an office and work out space & sitting area, with room to spare! Wonderful natural light throughout the great room. Kitchen flows into the pantry area and 2nd dining area. Need room for your cars & toys? Oversized 2 car garage. 2 car tandem garage. 2 storage rooms! Going out the French doors is a lovely patio with so much outdoor space. Use for entertaining, gardening, storage, your business, so many possibilities!! No HOA
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PRICE & RENT TRENDS
Neighborhood: Peper-Thurman
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peper-Thurman
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$246 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$292
|
||
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.
$466,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.8% |
| 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
$129,240
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,500 |
| Loan Amount | $349,500 |
2.67
YEARS SAVED
$11,647
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
-
$1,841
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
3025 N 15th Place Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 1949
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2508 E Montecito Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,287 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,287 Sqft ∙ Built 1949
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,515
- $0.66
-
2033 N 17th Place Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 1937 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 1937
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,595
- $0.67
-
2302 N 30th Place Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1952 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1952
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.80
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166171
Last Updated: 12/01/2020
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.
