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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $231.73
- 3 Days on Market
- MLS # : 6174440
- Updated Date : 12/25/2020 at 13:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,834 sqft
- Baths : 2 full
Listing Agent
Long Realty West Valley
Listing Agent's Description
REMODELED 3 BEDROOM, 2 BATH GREAT ROOM FLOOR PLAN. THE KITCHEN WALLS WERE OPENED UP MAKING THIS HOME LIGHT AND BRIGHT. VAULTED CEILING, EXCELLENT FINISHES INCLUDING DESIGNER INTERIOR PAINT, GRANITE KITCHEN COUNTER TOPS, STAINLESS APPLIANCES, INDUCTION COOKTOP, WINE FRIDGE, NEW LIGHTING. FLOORING IS LARGE TILE, NEWER CARPET IN THE BEDROOMS, MASTER BATH HAS SEPARATE TUB AND SHOWER, NEW COUNTER TOP WITH 2 SINKS, WALK IN CLOSET. ROOF UNDERLAYMENT REPLACED IN 2019. EXTERIOR BACK YARD IS SPACIOUS, WALLED IN, EXTENDED COVERED PATIO, MEYER LEMON TREE AND VALENCIA ORANGE. LANDSCAPING PIPING REPLACED. GARAGE CABINETS, EXCELLENT LOCATION TO ALL OF METRO PHOENIX. EASY TO SHOW.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Horizon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Horizon North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$268 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$118
|
||
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.
$425,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.7% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.17
YEARS SAVED
$19,403
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
-
$1,917
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
3353 E Oraibi Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3214 E Marco Polo Road Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,695
- $1.00
-
19621 N 36th Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,895
- $1.07
-
19638 N 37th Way Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,930
- $1.01
-
3506 E Kerry Lane Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994
LEASED 12/15/20- Rent
- Rent Per SQFT
- $2,095
- $1.10
PROPERTY LISTING DETAILS
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174440
Last Updated: 12/25/2020
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.
