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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $195.06
- 2 Days on Market
- MLS # : 6202823
- Updated Date : 03/06/2021 at 16:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,640 sqft
- Baths : 2 full
Listing Agent
Marketplace One Realty
Listing Agent's Description
Truly Open Floor Plan in North Phoenix! This home charms right from the start, with a custom wood front door that welcomes you to the open living area and compliments the upgraded tile floors throughout. The spacious great room allows for ample dining space and flows right to the open concept kitchen featuring a huge island and plenty of storage with your pantry and cabinets. The first guest room is just off the great room which can make a convenient office, while the other guest room lies on the far side of the home. The master bedroom is separated enough from the main living space to allow for privacy, and has a true en-suite bathroom with double sinks and a walk-in shower. The backyard is wonderfully finished with mostly grass and a covered patio to protect from the sun.
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PRICE & RENT TRENDS
Neighborhood: Foothills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$191 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$59
|
||
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.
$319,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.7% |
| 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
$90,524
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
6.58
YEARS SAVED
$24,945
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,546
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3327 W Melinda Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,520
- $0.93
-
21655 N 36th Avenue #135 Glendale, AZ 1
- 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,457 Sqft ∙ Built 2007
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,310
- $0.90
-
3559 W Via Del Sol Drive Glendale, AZ 2
- 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1997
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,495
- $1.01
-
22051 N 30th Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 2001
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,595
- $0.91
-
21842 N 31st Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1998
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.95
PROPERTY LISTING DETAILS
Marketplace One Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6202823
Last Updated: 03/06/2021
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.
