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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $204.99
- 3 Days on Market
- MLS # : 6190000
- Updated Date : 02/06/2021 at 17:08
CONSTRUCTION
- Beds : 3
- Floor Size : 2,366 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
Available immediately, this beautiful Pulte home has just the right amount of remodeling to afford you a move in ready home. The master bath has been remodeled to a ''spa like'' experience in soft grey & white tile. Wood laminate floors downstairs provide easy maintenance in your living space. Lush, plush grey carpeting upstairs provides warm, toe wiggling comfort when you hop out of bed in the morning. The spacious loft can be used for a 2nd family room, a home office or home schooling room. 1st floor windows have white plantation shutters for a regal look and the crisp white matches the fresh paint on the inside. Outside was also freshly painted in soft desert hues. Most interior lighting has been replaced with modern, brushed nickel fixtures as well as the door hardware and hinges.
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Horizon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Horizon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$305 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$38
|
||
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.
$485,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.45%
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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
5.67
YEARS SAVED
$30,798
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,212
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3354 E Rockwood Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,366 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,366 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,200
- $0.93
-
3609 E Rockwood Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 1995
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.83
-
3743 E Utopia Road Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,200
- $0.95
-
3713 E Utopia Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,200
- $0.95
-
3721 E Taro Lane Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,200
- $1.01
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190000
Last Updated: 02/06/2021
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.
