Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $206.66
- 2 Days on Market
- MLS # : 6181961
- Updated Date : 01/16/2021 at 16:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,621 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Come check out this stunning home! Great floor plan, Family room opens to kitchen & dining. The Kitchen offers tons counter space, extra storage and breakfast bar. Bonus! There is a loft upstairs. Master has large closet with built in organizer. The front & back yards have low maintenance desert landscaping. HUGE backyard perfect for entertaining. Located in beautifully kept neighborhood and conveniently located near the HWY 51 off Greenway.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Tierra Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tierra Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$211 | |
| Property Insurance | -$59 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$116
|
||
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.
$335,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
7.42
YEARS SAVED
$31,089
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
-
$1,657
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
3314 E Tierra Buena Lane Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
16021 N 30th Street #119 Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,400
- $0.98
-
15839 N 32nd Place Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1994
LEASED 01/25/20- Rent
- Rent Per SQFT
- $1,595
- $0.98
-
3316 E Tierra Buena Lane Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2001
LEASED 01/16/21- Rent
- Rent Per SQFT
- $1,700
- $1.05
-
15704 N 33rd Place Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2000
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,750
- $1.08
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181961
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
