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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $255.50
- 4 Days on Market
- MLS # : 6169271
- Updated Date : 12/11/2020 at 17:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,409 sqft
- Baths : 2 full
Listing Agent
United Brokers Group
Listing Agent's Description
You will love this darling updated 3 bedroom 2 bath home, kitchen has been. remodeled . stainless steel appliances and large kitchen breakfast bar, Fabulous location The backyard has a pool and grassy play area.No showings until Dec 11 2020
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$227 | |
| Property Insurance | -$55 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$114
|
||
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.
$360,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$101,150
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
7.25
YEARS SAVED
$36,906
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$1.3
LIST RENT PER SQFT
-
$1,828
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
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3401 E Utopia Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,830
- $1.30
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3302 E Topeka Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1990
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,625
- $1.16
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3259 E Kerry Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1997
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,795
- $1.31
-
3525 E Kerry Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1994
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.34
-
19427 N 33rd Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.38
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169271
Last Updated: 12/11/2020
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.
