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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $174.71
- 3 Days on Market
- MLS # : 6172876
- Updated Date : 01/01/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,570 sqft
- Baths : 1 full , 1 half
Listing Agent
Hague Partners
Listing Agent's Description
72 HOUR HOME SALE-Multigenerational home. Perfect for extended families, VRBO or a large family. Separate attached living quarters or open it up to one large home. Can be rented also for additional income. Additional parking through the double electric security gate perfect for all your toys or work trucks-secure and private extra large lot at the end of a Cul de sac so no through traffic. Main home offers 3 large bedrooms. Attached living is brand new with one bedroom, another kitchen, family room and fireplace all with separate access if needed. Possibilities are endless.
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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 | $2,190 |
| EXPENSES | Loan Payment | -$1,657 |
| Property Tax | -$283 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$74
|
||
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.
$449,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.49%
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
$124,735
LOAN DETAILS
$1,657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
6.33
YEARS SAVED
$38,787
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,461
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3432 E Beck Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,570 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,570 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $2,190
- $0.85
-
2916 E Ludlow Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1991
![property image]()
LEASED 10/10/19- Rent
- Rent Per SQFT
- $2,095
- $0.93
-
3844 E Kings Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1996
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,100
- $0.82
-
2928 E Ludlow Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992
![property image]()
LEASED 09/14/19- Rent
- Rent Per SQFT
- $2,250
- $1.00
-
4307 E Karen Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985
![property image]()
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,595
- $1.08
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172876
Last Updated: 01/01/2021
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.
