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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $175.44
- 3 Days on Market
- MLS # : 6174689
- Updated Date : 01/01/2021 at 18:55
CONSTRUCTION
- Beds : 4
- Floor Size : 1,824 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
Beautifully remodeled 4 bedroom, 2 bath home is move-in ready! Modern, neutral gray tones throughout the home. NO HOA! Formal dining room right off the large living room. Kitchen boasts, granite counter tops, stainless steel appliances, tile backsplash and opens up to an oversized breakfast room. Both bathrooms feature granite countertops and tiled showers. Enjoy an oversized backyard with a refreshing diving pool, pergola and fire pit. Planation shutters throughout. Home is conveniently located near the I-17 freeway! Hurry this one will not last long! **Newborn in house. Please use caution, wear masks, sanitize hands and avoid touching items in home.
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PRICE & RENT TRENDS
Neighborhood: Cox Meadows West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cox Meadows West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$191 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$77
|
||
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.
$320,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.3% |
| 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
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
7.17
YEARS SAVED
$32,088
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,373
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
3110 W Calavar Road Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,610
- $0.88
-
3518 W Eugie Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.74
-
13813 N 36th Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,425
- $0.77
-
13835 N 34th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969
LEASED 08/03/19- Rent
- Rent Per SQFT
- $1,575
- $0.74
-
3037 W Wethersfield Road Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,595
- $0.76
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174689
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.
