Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $190.06
- 5 Days on Market
- MLS # : 6165900
- Updated Date : 12/03/2020 at 15:20
CONSTRUCTION
- Beds : 4
- Floor Size : 1,368 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Wonderful 4 bed/2 bath block construction home on a large lot under $300k! Eat-in kitchen with stainless steel appliances, granite counters and breakfast bar. New Mohawk carpet in the bedrooms and new vanities in the bathrooms. Newer roof and AC, all windows have been replaced with dual pane vinyl windows. Large backyard with a huge patio. RV gate and storage shed for your toys. Plenty of space in front and backyard to store multiple trailers, boats, RVs, trucks, etc. Walking distance to schools and parks. No HOA. Priced to sell. Owner wants sold before end of year.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Country Gables
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Gables
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$155 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$3
|
||
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.
$260,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
5.67
YEARS SAVED
$19,182
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.93
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
3118 W Caribbean Lane Phoenix, AZ
- 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,368 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $1,270
- $0.93
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165900
Last Updated: 12/03/2020
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.
