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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $180.95
- 2 Days on Market
- MLS # : 6168175
- Updated Date : 12/05/2020 at 10:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,100 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Great opportunity to own a gorgeous two-story property in Phoenix! Featuring 2 car garage w/epoxy floor and a carefully maintained front yard, this 4 bed, 2.5 bath home is the one for you! Inside, you're greeted by a spacious living room with high ceilings and a bright dining. Large & cozy family room includes a wood-burning fireplace & sliding doors to back patio. The fabulous kitchen is equipped with ample cabinets, stainless steel appliances, granite countertops, tile backsplash, a breakfast bar, and a breakfast room. The master suite has vaulted ceilings, and a full ensuite with round glass vessel vanity, soaking tub, and walk-in closet. The large backyard is a true gem with covered patio and grassy area, enjoy fun gatherings & evenings with your loved ones. Make an offer today
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PRICE & RENT TRENDS
Neighborhood: Lakeside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$271 | |
| Property Insurance | -$68 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$55
|
||
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.
$380,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| 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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
6.17
YEARS SAVED
$31,398
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,058
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3047 E Redwood Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 1989
- Rent
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- $1,900
- $0.90
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16010 S 32nd Place Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.88
-
3233 E Brookwood Court Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,995
- $1.02
-
16635 S 33rd Street Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1986
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,150
- $0.98
-
2917 E Windsong Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1995
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,250
- $1.04
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168175
Last Updated: 12/05/2020
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.
