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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $172.96
- 2 Days on Market
- MLS # : 6173102
- Updated Date : 12/19/2020 at 17:33
CONSTRUCTION
- Beds : 4
- Floor Size : 1,590 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
This is it! This home is in a great mature neighborhood. With many upgrades this is the perfect home, as you enter you will notice the upgraded flooring that is throughout the entire home. The kitchen has been upgraded and you will love the white cabinets as well as all the lighting that enters the kitchen. You will also notice the upgraded bathrooms with a very neutral color palette. The backyard has a beautiful fenced in yard with an RV gate and plenty space to entertain. Take a look, this upgraded home wont last long!
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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 | $1,420 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$164 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$84
|
||
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.
$275,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.52%
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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
7.33
YEARS SAVED
$28,776
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,415
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
3225 W Charter Oak Road Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $1,420
- $0.89
-
3108 W Larkspur Drive W Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,200
- $0.89
-
3414 W Cactus Road Phoenix, AZ 3
- 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961
![property image]()
LEASED 02/18/21- Rent
- Rent Per SQFT
- $1,449
- $0.92
-
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
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173102
Last Updated: 12/19/2020
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.
