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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $224.20
- 3 Days on Market
- MLS # : 6176176
- Updated Date : 01/01/2021 at 17:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,628 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Fantastic opportunity to own this 3 bedroom 2 bathroom home in Foothills Reserve, a serene desert community at the base of South Mountain Park and trail network. This gem features great curb appeal with mature shade tree leading into the light & bright interior with vaulted ceilings, a charming fireplace, tile flooring, new carpet, new faucets, new light fixtures & an open concept floor plan. Kitchen boasts granite tile counter tops, new water filtration sys, a plethora of warm wood cabinetry & a center island w/breakfast bar seating. Lovely newly painted master retreat includes a private en suite w/dual sinks, soaking tub & separate shower. Step out to you covered patio & enjoy the low maintenance beautiful backyard w/amazing mountain views. Do not miss out! See it and make it yours!
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PRICE & RENT TRENDS
Neighborhood: Foothills Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$260 | |
| Property Insurance | -$59 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$198
|
||
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.
$365,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
2.67
YEARS SAVED
$9,204
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
-
$1,522
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3026 W Silver Fox Way Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1730 W Wildwood Drive Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,827 Sqft ∙ Built 2000
LEASED 10/02/19- Rent
- Rent Per SQFT
- $1,695
- $0.93
-
1692 W Satinwood Drive Phoenix, AZ 3
- 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2007
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.94
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176176
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
