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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $279.38
- 3 Days on Market
- MLS # : 6193435
- Updated Date : 02/26/2021 at 02:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,595 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Stunning custom home available on an acre of property in north Phoenix. Live the life you dream of, surrounded by open spaces and breathtaking mountain views, all within minutes of metropolitan conveniences. Beautiful inside and out this 3 bed/3 bath territorial style gem features an enchanting gated courtyard followed by double door entry to the impressive foyer. Spacious circular living area is enhanced with a built in entertainment center and a charming fireplace. Trey ceilings, walls of windows, and diagonal tile and wood flooring throughout. Gorgeous granite kitchen with gas cooking and a large island w/ breakfast bar. Owners suite includes an elegant, spa inspired ensuite. Incredible backyard features a covered patio, a built in bbq, and a sparkling pool. See it and make it yours
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PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,520 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$565 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$740
|
||
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.
$725,000
PROJECTED PRICE
$2,520
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
0.67
YEARS SAVED
$1,716
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
-
$2,290
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
3333 W Long Rifle Road Phoenix, AZ 1
- 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3045 W Leisure Lane Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.85
-
3010 W Languid Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.87
-
3418 W Languid Lane Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,190
- $0.90
-
35710 N 30th Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,250
- $0.91
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193435
Last Updated: 02/26/2021
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.
