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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $224.59
- 3 Days on Market
- MLS # : 6165234
- Updated Date : 11/28/2020 at 20:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,870 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Incredible opportunity, Amazing location. 4 bedroom, 2 bath, 1870 sq ft, 2 car garage, beautiful mature landscape, N/S exposure, Quiet cul-de-sac, Corner lot. Completely renovated home: New white shaker cabinets throughout * New quartz countertops * New plank tile * Custom stand-up shower in master bathroom, with custom glass * Custom tile surround in hall bath, with soaker tub * New dual flush toilets * New carpet * New high-end stainless appliances * New modern hardware throughout * New neutral paint, interior and exterior * Large inside laundry room. Too much to list... Hurry, a must see! Book a showing today!
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$265 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$357
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$419,977
PROJECTED PRICE
$1,620
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$117,044
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $104,994 |
| Loan Amount | $314,983 |
1.67
YEARS SAVED
$5,291
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,805
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
3502 E Janice Way Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,620
- $0.87
-
3947 E Nisbet Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979
LEASED 05/03/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
3452 E Acoma Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1978
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,700
- $0.97
-
14801 N 37th Place Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,825
- $0.99
-
3412 E Claire Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1977
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,935
- $0.98
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165234
Last Updated: 11/28/2020
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.
