Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $171.46
- 3 Days on Market
- MLS # : 6167163
- Updated Date : 12/05/2020 at 20:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,633 sqft
- Baths : 2 full , 1 half
Listing Agent
R.o.i. Properties
Listing Agent's Description
Great area! This place has outstanding potential. All bedrooms are upstairs. Open concept kitchen with plenty of cabinets. Vaulted ceilings in the living area along with a cozy fireplace. Loft is being used as a bedroom. Conveniently located near all manner of amenities and freeway.
SEE MORE
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 | $1,740 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$183 | |
| Property Insurance | -$59 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$353
|
||
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.
$280,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.62%
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
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
11.67
YEARS SAVED
$59,508
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,735
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
3223 E Siesta Lane Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $1.07
-
19014 N 32nd Way Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1989
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.98
-
3417 E Rockwood Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1995
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,800
- $1.02
-
3215 E Kristal Way Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2002
![property image]()
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,800
- $1.11
-
3232 E Kerry Lane Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,581 Sqft ∙ Built 1997
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.14
PROPERTY LISTING DETAILS
R.o.i. Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167163
Last Updated: 12/05/2020
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.
