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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $189.29
- 3 Days on Market
- MLS # : 6172985
- Updated Date : 12/18/2020 at 17:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,933 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Welcome Home! Home is located in highly desirable area! NO HOA!! Home has open interior concept. Matching granite in kitchen and bathrooms. Kitchen has stainless steel appliances and charming backsplash. The kitchen island is a great place to gather and eat! Faux wood blinds on every window. Oversize travertine tile throughout the home. Spacious bedrooms. Home has over-size master suite with two closets and as exit to the pool/backyard. Home has huge diving pool! Weather you are in the front yard or backyard you will enjoy peaceful mountain view! Two car detached garage. Close to Kierland, Scottsdale Quarter and Desert Ridge. Minutes from downtown! Must see!!
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,350 |
| Property Tax | -$230 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$186
|
||
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.
$365,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.9% |
| 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
$102,714
LOAN DETAILS
$1,350
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,475 |
| Loan Amount | $274,425 |
8.42
YEARS SAVED
$47,865
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,943
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
3132 E Windrose Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $1,930
- $1.00
-
2733 E Larkspur Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1970
![property image]()
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,675
- $0.92
-
12617 N 34th Place Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,725
- $0.98
-
12629 N 33rd Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1973
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
3046 E Emile Zola Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.14
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172985
Last Updated: 12/18/2020
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.
