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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $197.96
- 3 Days on Market
- MLS # : 6198750
- Updated Date : 02/27/2021 at 20:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,566 sqft
- Baths : 1 full , 1 half
Listing Agent
Best Homes Real Estate, Llc
Listing Agent's Description
LOCATED IN THE HEART OF IT ALL! CLOSE TO EVERYTHING! MINUTES TO SHOPPING, RESTAURANT AND QUICK FREEWAY ACCESS. This home is fantastic, completely updated Newly remodeled inside and out with NO HOA!!!. Open floor plan, familyand dining room. 3 Beds with 2 full baths, and a LARGE CUSTOM ARIZONA ROOM. Home also has a beautiful backyard with a custom workshop area and an RV gate!!!
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PRICE & RENT TRENDS
Neighborhood: Westown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$185 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$118
|
||
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.
$310,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.3% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
3.58
YEARS SAVED
$9,713
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,331
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3220 W Cactus Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $1,300
- $0.83
-
11629 N 31 Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1967
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,199
- $0.78
-
3037 W Charter Oak Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1960
![property image]()
LEASED 10/14/19- Rent
- Rent Per SQFT
- $1,395
- $0.87
-
12425 N 30th Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
![property image]()
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
3301 W Altadena Avenue Phoenix, AZ 5
- 4 beds 3 baths ∙ 1,713 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,713 Sqft ∙ Built 1961
![property image]()
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
PROPERTY LISTING DETAILS
Best Homes Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198750
Last Updated: 02/27/2021
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.
