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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $183.41
- 6 Days on Market
- MLS # : 6170530
- Updated Date : 12/17/2020 at 10:15
CONSTRUCTION
- Beds : 4
- Floor Size : 3,135 sqft
- Baths : 2 full , 1 half
Listing Agent
The Maricopa Real Estate Co
Listing Agent's Description
Incredible POOL home located in LAKEWOOD! So many CUSTOM features. ELEGANT front entrance with custom GLASS and IRON door, kitchen island, incredible top of the line stainless steel gas stove with double oven & dishwasher, tile floors with the combination of large tile and wood through out the house. Custom wood shutters on most windows, with Fireplace in the master bedroom & family room. Wood flooring in the loft area. Incredible laundry room with all the bells and whistles. Pebble tech pool with separate play area and Built in barbecue, including a Argentina Wood Cooking Stove. Wonderful curb appeal with pavers on your front porch and walkways. Come take a look today!
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PRICE & RENT TRENDS
Neighborhood: Lakewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,000 |
| EXPENSES | Loan Payment | -$2,122 |
| Property Tax | -$409 | |
| Property Insurance | -$88 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$275
|
||
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.
$575,000
PROJECTED PRICE
$3,000
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.6% |
| 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
$158,125
LOAN DETAILS
$2,122
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
7.75
YEARS SAVED
$68,825
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
-
$3,362
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
3223 E Redwood Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2758 E Windmere Drive Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 1991
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,750
- $0.92
-
3359 E Tanglewood Drive Phoenix, AZ 3
- 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,950
- $1.05
-
15856 S 38th Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 1992
LEASED 04/22/20- Rent
- Rent Per SQFT
- $3,500
- $1.06
-
15824 S 31st Street Phoenix, AZ 5
- 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,182 Sqft ∙ Built 1995
LEASED 10/30/20- Rent
- Rent Per SQFT
- $3,995
- $1.26
PROPERTY LISTING DETAILS
The Maricopa Real Estate Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170530
Last Updated: 12/17/2020
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.
