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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $179.33
- 2 Days on Market
- MLS # : 6153523
- Updated Date : 11/28/2020 at 12:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,704 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
AMAZING BUY COMING SOON! Seller is finishing up some final touches before going live on the market. There will be more information and photos to follow. You may want to add this one to the top of the list to see! It's really hard to beat this buy under 500K backing to an open wash and a three car garage, all in a great neighborhood with very little traffic. Extremely open floorplan and the seller added hardwood looking tile. Amazing open floorplan with massive island adjacent to the spacious family room looking out the large grassy yard with trees and professional landscaping. House backs to Adobe Dam with view fencing so it feels like you have a half an acre but only have to maintain the back yard. The front yard has synthetic grass for low maintenance.
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PRICE & RENT TRENDS
Neighborhood: Adobe Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Adobe Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$290 | |
| Property Insurance | -$80 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$269
|
||
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.
$484,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.8% |
| 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
$134,249
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,225 |
| Loan Amount | $363,675 |
2.67
YEARS SAVED
$12,479
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,170
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
3239 W Adobe Dam Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
23631 N 41st Avenue Glendale, AZ 2
- 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1987
LEASED 09/11/19- Rent
- Rent Per SQFT
- $1,895
- $0.80
-
21047 N 33rd Avenue Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
LEASED 09/05/20- Rent
- Rent Per SQFT
- $1,995
- $0.82
-
3311 W Knudsen Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2001
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.85
-
22815 N Romo Loop Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2000
LEASED 01/24/20- Rent
- Rent Per SQFT
- $2,200
- $0.74
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6153523
Last Updated: 11/28/2020
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.
