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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $130.13
- 3 Days on Market
- MLS # : 6165432
- Updated Date : 11/27/2020 at 17:36
CONSTRUCTION
- Beds : 2
- Floor Size : 1,268 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Amazing unit with COOL Basement Floorplan. UPGRADES Galore!! 2 Master Suites with 2 full bathrooms!! LARGE kitchen area/,LARGE BREAKFAST BAR, EXCELLENT LOCATION near GCU, Freeways and shopping close by AFFORDABLE HOA includes water trash & blanket insurance policy, Calling All First Time Home Buyers, Investors or Anyone looking for an reasonably priced Upgraded Home. Thanks for Showing!!
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PRICE & RENT TRENDS
Neighborhood: Mulwood Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mulwood Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,140 |
| EXPENSES | Loan Payment | -$609 |
| Property Tax | -$98 | |
| Property Insurance | -$52 | |
| HOA | -$175 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$107
|
||
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.
$165,000
PROJECTED PRICE
$1,140
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.9% |
| 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
$49,475
LOAN DETAILS
$609
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,250 |
| Loan Amount | $123,750 |
8.08
YEARS SAVED
$19,926
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,141
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3228 W Glendale Avenue #161 Phoenix, AZ 1
- 2 beds 3 baths ∙ 1,268 Sqft ∙ Built 1987 2 beds 3 baths ∙ 1,268 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8049 N 32nd Lane Phoenix, AZ 2
- 2 beds 2 baths ∙ 924 Sqft ∙ Built 1979 2 beds 2 baths ∙ 924 Sqft ∙ Built 1979
LEASED 10/01/20- Rent
- Rent Per SQFT
- $800
- $0.87
-
2625 W Ocotillo Road #2 Phoenix, AZ 3
- 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979
LEASED 11/01/19- Rent
- Rent Per SQFT
- $895
- $0.92
-
2613 W Ocotillo Road #4 Phoenix, AZ 4
- 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979 2 beds 2 baths ∙ 968 Sqft ∙ Built 1979
LEASED 12/06/19- Rent
- Rent Per SQFT
- $895
- $0.92
-
3228 W Glendale Avenue #172 Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1987
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,195
- $0.89
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165432
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.
