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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $274.07
- 4 Days on Market
- MLS # : 6177943
- Updated Date : 01/08/2021 at 20:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,441 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
LUXURY TOWNHOUSE JUST COMPLETED WITH INCREDIBLE QUALITY. BRICK-CLAD DRIVEWAY, UPSCALE CONTEMPORARY GARAGE AND ENTRY DOORS, THERMOPANE HERITAGE WINDOWS,ANDERSON POCKET DOORS TO PATIO & BALCONIES, GOURMET KITCHEN OFFERS EUROPEAN CABINETRY, QUARTZ COUNTERTOPS ,ZLINE APPLIANCES, AQUABOX WATERPROOF CABINETS W/ ITALIAN HARDWARE & TOP OF THE LINE APPLIANCES. QUARTZ COUNTERTOPS IN ALL BATHS & LAUNDRY ROOM. FLOATING VANITIES IN ALL BATHS. OWNERS SUITE HAS LARGE W/I CLOSET, LUXURY BATH AREA W/GLASS SINKS, FREESTANDING TUB & HI END CONTEMPORARY FAUCETS. WOOD & METAL STAIR BANISTERS,PORCELAIN WOOD TILE FLOORING. GUEST PARKING. CENTRAL PHOENIX LOCATION MINUTES FROM RESTUARANTS, SHOPPING, AND ALL AREAS OF TOWN.
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PRICE & RENT TRENDS
Zip Code: 85012
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85012
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,190 |
| EXPENSES | Loan Payment | -$2,324 |
| Property Tax | -$353 | |
| Property Insurance | -$75 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$270
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$669,000
PROJECTED PRICE
$3,190
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 10.8% |
| Maintenance Year (1-5) | 3.00% |
| 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
$179,285
LOAN DETAILS
$2,324
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $167,250 |
| Loan Amount | $501,750 |
7.58
YEARS SAVED
$68,337
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
-
$3,204
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
-
340 E Osborn Road #4 Phoenix, AZ 1
- 3 beds 4 baths ∙ 2,441 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,441 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
920 E Mitchell Drive #102 Phoenix, AZ 2
- 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,700
- $1.22
-
325 E Coronado Road #18 Phoenix, AZ 3
- 3 beds 4 baths ∙ 2,150 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,150 Sqft ∙ Built 2016
![property image]()
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,800
- $1.30
-
1831 E Montecito Avenue Phoenix, AZ 4
- 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 2018
![property image]()
LEASED 08/23/19- Rent
- Rent Per SQFT
- $3,195
- $1.32
-
4202 N 18th Place Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 2016
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $3,350
- $1.41
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177943
Last Updated: 01/08/2021
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.
