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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $246.75
- 3 Days on Market
- MLS # : 6175637
- Updated Date : 01/08/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,540 sqft
- Baths : 2 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
You're going to love this updated, move-in ready north Phoenix home. Stats include 3 bedrooms, 2 bathrooms, and 1540sf. Updates completed in Oct, Nov, or Dec 2020 include new vinyl plank flooring throughout house; new tile flooring in bathrooms; and new carpet in bedrooms. New shaker cabinets, granite counter tops, and stainless steel appliances in the kitchen. New low E, vinyl dual pane window in living room. New light fixtures. New interior and exterior paint. New insulated French doors. New vanities and mirrors in both bathrooms. Windows in master bedroom/bathroom, kitchen, and Arizona room were replaced several years earlier. Interior color combined with large windows gives an open and airy feeling inside the house.Spacious and bright Arizona room includes
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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 | $1,740 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$239 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$25
|
||
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.
$380,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.46%
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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
5.58
YEARS SAVED
$23,737
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,894
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
3407 E Sunnyside Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $1.13
-
3021 E Cholla Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1960
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.15
-
12215 N 36th Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972
![property image]()
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,825
- $1.16
-
3422 E Altadena Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971
![property image]()
LEASED 10/24/20- Rent
- Rent Per SQFT
- $1,895
- $1.25
-
3238 E Poinsettia Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974
![property image]()
LEASED 09/26/20- Rent
- Rent Per SQFT
- $2,000
- $1.36
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175637
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.
