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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $222.39
- 3 Days on Market
- MLS # : 6169922
- Updated Date : 12/18/2020 at 09:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,019 sqft
- Baths : 3 full
Listing Agent
Real Estate Research Realty
Listing Agent's Description
Impeccably maintained, single-owner home located in the high-demand Desert Canyon community. This 4 bedroom, 3 full bathroom home sparkles with porcelain tile floors, vaulted ceilings, bay windows, and an eat-in kitchen. The low-maintenance, desert-landscaped front yard compliments the resort-style back yard, including a heated Pebble Tec pool and spa, with an expansive covered patio and stylish ceiling fans. Numerous updates to the home were completed in 2017, including new granite bathroom countertops, refaced bathroom and kitchen cabinets, fresh exterior paint and window security covers, new carpet and $15,000 in plantation shutters throughout and the large covered patio addition to the back yard. The main living area boasts a gorgeous two-sided fireplace, with one side framed in marble
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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 | $2,050 |
| EXPENSES | Loan Payment | -$1,657 |
| Property Tax | -$283 | |
| Property Insurance | -$67 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$65
|
||
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.
$449,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.46%
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
$124,735
LOAN DETAILS
$1,657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
4.58
YEARS SAVED
$25,281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,095
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
3217 E Oraibi Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,050
- $1.02
-
3707 E Kristal Way Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,850
- $1.02
-
19638 N 37th Way Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,930
- $1.01
-
18825 N 34th Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,000
- $1.02
-
3506 E Kerry Lane Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994
LEASED 12/15/20- Rent
- Rent Per SQFT
- $2,095
- $1.10
PROPERTY LISTING DETAILS
Real Estate Research Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169922
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.
