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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $290.00
- 2 Days on Market
- MLS # : 6184809
- Updated Date : 01/23/2021 at 17:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,100 sqft
- Baths : 1 full , 1 half
Listing Agent
Valley Homes And Land, Inc
Listing Agent's Description
FRESHLY REDONE HOME TO INCLUDE UPDATED KITCHEN AND BATHS & ALL NEW SS APPLIANCES IN THE KITCHEN/ FRESH PAINT AND POPCORN CEILINGS REMOVED/ DUAL PANE WINDOWS/ CONCRETE STAMPED FLOORS THRU-OUT/ 3RD BEDROOM IS SPLIT/ NEW FANS, FIXTURES, FAUCETS, HARDWARE AND DOORS/ THE INSIDE IS READY TO GO/ GREAT BACKYARD FOR ENTERTAINING WITH FULL LENGTH COVERED PATIO, GRASS AND A SPARKLING POOL FOR THE KIDS/ POOL HAS SECURITY POOL COVER/ ABOVE GROUND JACUZZI/ WORKSHOP FOR DAD ALONG WITH 3 OTHER OUT BUILDINGS/ GARDEN FOR MOM/ THE RV PARKING COULD FIT A SMALL MOTOR HOME/ THIS HOME HAS ALOT TO OFFER
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Village
* 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 | -$1,108 |
| Property Tax | -$201 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$187
|
||
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.
$319,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
2.42
YEARS SAVED
$5,858
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 -
$1.15
LIST RENT PER SQFT
-
$1,370
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
3215 E Angela Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,270
- $1.15
-
3223 E Angela Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,500
- $1.24
-
3210 E Angela Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1980
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,500
- $1.28
-
17217 N 33rd Place Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1979
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.23
-
3227 E Helena Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1980
LEASED 01/18/21- Rent
- Rent Per SQFT
- $1,550
- $1.23
PROPERTY LISTING DETAILS
Valley Homes And Land, Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184809
Last Updated: 01/23/2021
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.
