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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $153.57
- 3 Days on Market
- MLS # : 6176773
- Updated Date : 01/15/2021 at 16:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,921 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
Welcome to one of the most well-kept homes in all of Tuscano! From the low maintenance front yard to the backyard that backs up to the community park, this west valley gem will impress! Enter to find a bright Great Room floor-plan, featuring 3 bedrooms, 2 baths a Spacious Den, easily converted to a 4th bedroom, or a perfect executive home office! The expansive backyard is complete with a large grass patch perfect for family fun. Conveniently located just a few miles from the 202 highway and I-10 and local schools and shopping.
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PRICE & RENT TRENDS
Neighborhood: Tuscano
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tuscano
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$171 | |
| Property Insurance | -$65 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$194
|
||
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.
$295,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.9% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
8.67
YEARS SAVED
$35,069
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,647
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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3223 S 80th Drive Phoenix, AZ 4
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- Rent
- Rent Per SQFT
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- $0.84
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8316 W Hamster Lane Tolleson, AZ 1
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LEASED 03/14/20- Rent
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- $1,535
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- 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,549
- $0.86
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8024 W Superior Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,600
- $0.91
-
7924 W Williams Street Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.88
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176773
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
