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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $147.88
- 3 Days on Market
- MLS # : 6193837
- Updated Date : 02/20/2021 at 22:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,874 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Northwest
Listing Agent's Description
Beautiful 4 Bed+Den, 2.5 Bath home in highly sought after Arizona Hillcrest. Surrounded by majestic mountain views, located minutes from popular Deem Hills hiking trails, Loop-101 & I-17, shopping at Happy Valley Towne Center & Norterra and fine dining. Newer AC units with warranty, brand new carpet throughout, leased solar panels, double-oven/convection, eat-in kitchen center island, walk-in pantry/laundry room, other bedroom with walk-in closet, north/south exposure, finished 2-c garage. Serene and unique property that boasts mature green landscaping, lush plants and a healthy rich garden to grow your favorite vegetables, if you wish. Community playground in close walking distance.
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PRICE & RENT TRENDS
Neighborhood: Arizona Hillcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arizona Hillcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$254 | |
| Property Insurance | -$83 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$164
|
||
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.
$425,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.7% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
7.42
YEARS SAVED
$39,020
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,270
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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3227 W Molly Lane Phoenix, AZ 2
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- Rent
- Rent Per SQFT
- $2,090
- $0.73
-
3524 W Alyssa Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2003
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,990
- $0.79
-
28241 N 33rd Avenue Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2002
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,155
- $0.75
-
2244 W Spur Drive Phoenix, AZ 4
- 5 beds 4 baths ∙ 3,061 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,061 Sqft ∙ Built 2005
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,400
- $0.78
-
3123 W Maya Way Phoenix, AZ 5
- 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,600
- $0.84
PROPERTY LISTING DETAILS
Century 21 Northwest
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193837
Last Updated: 02/20/2021
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.
