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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $327.44
- 2 Days on Market
- MLS # : 6203635
- Updated Date : 03/06/2021 at 19:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,330 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
BEAUTIFUL HOME FOR SALE IN AN AMAZING LOCATION! Nestled in the heart of phoenix this home has a new re modeled kitchen, new appliances, granite countertops, stunning tile, vaulted ceilings and fully updated lighting & plumbing fixtures. The Kitchen opens to the dining area & the great room with soaring ceilings which is perfect for entertaining family and friends. The master bedroom has vaulted ceilings, master bath has dual sinks, separate tub/shower & HUGE walk in closet. New window treatments and much more. The backyard is private. Close to Schools, Freeways, Fine Dining and Shopping at Desert Ridge and Kierland Commons. View today..
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PRICE & RENT TRENDS
Neighborhood: Sweetwater Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sweetwater Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,513 |
| Property Tax | -$274 | |
| Property Insurance | -$53 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$461
|
||
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.
$435,500
PROJECTED PRICE
$1,490
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.9% |
| 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
$121,158
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,875 |
| Loan Amount | $326,625 |
0.67
YEARS SAVED
$1,303
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,483
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
3026 E Captain Dreyfus Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,490
- $1.12
-
3042 E Captain Dreyfus Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1999
LEASED 08/29/20- Rent
- Rent Per SQFT
- $1,695
- $1.09
-
3038 E Captain Dreyfus Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1999
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,695
- $1.09
-
13032 N 30th Place Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1998
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,700
- $1.12
-
14008 N 29th Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1991
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,900
- $1.16
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203635
Last Updated: 03/06/2021
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.
