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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $161.28
- 2 Days on Market
- MLS # : 6190906
- Updated Date : 02/06/2021 at 19:49
CONSTRUCTION
- Beds : 5
- Floor Size : 3,094 sqft
- Baths : 2 full , 1 half
Listing Agent
The Arizona Real Estate Company.com
Listing Agent's Description
Stunning home, located conveniently near shopping centers and A+ schools, has been thoroughly renovated with a modern feel. You will find endless added features like new white marble flooring, kitchen cabinets, backsplash, countertops, tiles, lighting, refreshed painting and so much more. The beautifully custom renovated kitchen has matching stainless steel appliances. On the main floor you'll find the luxurious master suite featuring custom bath with separate tub, shower and a 5th private room that can be used as bedroom, office, baby room, etc. First floor has new laminated wood floor throughout.The back yard is a beautiful oasis with private pool and mature landscaping for added privacy.You won't find a more well-kept home in this family friendly neighborhood.
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PRICE & RENT TRENDS
Neighborhood: Arizona Hillcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arizona Hillcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$299 | |
| Property Insurance | -$87 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$18
|
||
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.
$499,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.7% |
| 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
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
5.5
YEARS SAVED
$29,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,413
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3139 W Maya Way Phoenix, AZ 1
- 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
28241 N 33rd Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2002
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,155
- $0.75
-
3849 W Fallen Leaf Lane Glendale, AZ 3
- 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1998
LEASED 09/04/20- Rent
- Rent Per SQFT
- $2,199
- $0.75
-
2244 W Spur Drive Phoenix, AZ 4
- 5 beds 4 baths ∙ 3,061 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,061 Sqft ∙ Built 2005
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,400
- $0.78
-
3123 W Maya Way Phoenix, AZ 5
- 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,600
- $0.84
PROPERTY LISTING DETAILS
The Arizona Real Estate Company.com
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190906
Last Updated: 02/06/2021
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.
