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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $201.65
- 8 Days on Market
- MLS # : 6185239
- Updated Date : 01/31/2021 at 00:12
CONSTRUCTION
- Beds : 3
- Floor Size : 2,177 sqft
- Baths : 2 full , 1 half
Listing Agent
Mccarthy Thielman Realty
Listing Agent's Description
Gorgeous home in high desired area close to 101 freeway. Downstairs features Den (could add a closet to make a bedroom) 1/2 bath, open floorpan with tile t/o, updated kitchen with stainless appliances, granite, granite sink, wood window sills, spacious walk in pantry, island w/built-in freezer, wine cooler, sink and tons of storage. Upstairs features quality grade laminate flooring t/o, huge loft, 2 bedrooms, master bedroom with 2 closets, remodeled master bath solar tube in bathroom to bring in the natural light, custom barn doors in baths and laundry. Backyard features low maintenance landscaping with pavers, covered patio and multiple mature trees.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,525 |
| Property Tax | -$287 | |
| Property Insurance | -$70 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$100
|
||
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.
$439,000
PROJECTED PRICE
$2,140
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$122,085
LOAN DETAILS
$1,525
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
6.42
YEARS SAVED
$32,769
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,329
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
3034 E Pontiac Drive Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $2,140
- $0.98
-
2546 E Taro Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995
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LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,950
- $0.93
-
20406 N 30th Street Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1992
![property image]()
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,100
- $0.95
-
20710 N 38th Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000
![property image]()
LEASED 02/08/20- Rent
- Rent Per SQFT
- $2,399
- $1.18
-
3316 E Blackhawk Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996
![property image]()
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,700
- $1.22
PROPERTY LISTING DETAILS
Mccarthy Thielman Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185239
Last Updated: 01/31/2021
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.
