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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $328.68
- 3 Days on Market
- MLS # : 6196596
- Updated Date : 02/20/2021 at 16:18
CONSTRUCTION
- Beds : 3
- Floor Size : 882 sqft
- Baths : 1 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Looking for a new place to call home? You've found it! Located in desirable Phoenix, with easy freeway access, and close to dozens of different restaurants and shopping spots, you simply won't find a better place than this! The property itself consists of a 3 bed, 1 bath residence featuring charming curb appeal with low maintenance landscaping and a 1 car garage. Inside you will find a cozy living area along with a gorgeous kitchen comprised of ample cabinetry with granite countertops, tile backsplash, high-end appliances, and recessed lighting. Also including an expansive backyard with an extended covered patio and tons of potential for customization, this home has it all! Don't wait any longer and schedule a showing today!
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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 | $1,140 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$183 | |
| Property Insurance | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$193
|
||
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.
$289,900
PROJECTED PRICE
$1,140
PROJECTED RENT
0.39%
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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
2.25
YEARS SAVED
$4,212
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,140
LIST RENT -
$1.29
LIST RENT PER SQFT
-
$1,065
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
3505 E Helena Drive Phoenix, AZ 2
- 3 beds 1 baths ∙ 882 Sqft ∙ Built 1977 3 beds 1 baths ∙ 882 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,140
- $1.29
-
18023 N 40th Place #4 Phoenix, AZ 1
- 3 beds 1 baths ∙ 980 Sqft ∙ Built 1973 3 beds 1 baths ∙ 980 Sqft ∙ Built 1973
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,050
- $1.07
-
14642 N 36th Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1977
LEASED 10/16/19- Rent
- Rent Per SQFT
- $1,499
- $1.24
-
3223 E Angela Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,500
- $1.24
-
3210 E Angela Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1980
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,500
- $1.28
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196596
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
