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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $205.15
- 5 Days on Market
- MLS # : 6164756
- Updated Date : 11/27/2020 at 14:51
CONSTRUCTION
- Beds : 4
- Floor Size : 1,535 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Gorgeous 4 bed/2 bath home in Phoenix features fresh paint throughout, open floorplan w/ bonus room, and lots of natural light. Inside you're greeted by a spacious living area, perfect for entertaining. The eat-in kitchen boasts updated cabinets, granite counters, decor glass backsplash & lots of lighting. The large utility room is complete w/ folding area & cabinets for storage. The Owner's Suite features separate closets, built-in cupboards & updated bathroom. The rear yard has a huge covered patio, grassy area, fire pit & oversize storage shed. There's also an RV gate, lots of parking & low-maintenance landscaping. Located close to great schools, hiking / walking trails, shopping, dining & entertainment + quick access to the 51 freeway. Welcome home!
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$198 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$74
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$314,900
PROJECTED PRICE
$1,590
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$89,199
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,725 |
| Loan Amount | $236,175 |
7.08
YEARS SAVED
$31,278
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,765
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
3228 E Delcoa Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $1.04
-
3463 E Thunderbird Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.22
-
3033 E Dahlia Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,750
- $1.10
-
2901 E Willow Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1973
![property image]()
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,775
- $1.13
-
2810 E Willow Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1973
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,900
- $1.15
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164756
Last Updated: 11/27/2020
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.
