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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $206.13
- 3 Days on Market
- MLS # : 6167036
- Updated Date : 12/12/2020 at 20:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,633 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
The owners raised their family in this 4 bedroom, two story beauty and it's time to downsize. Owners completed the painting of the exterior on 12-1-2020.Extensive work will soon be completed on both the pool, Kool decking and the roof. (Check document tab for detailed estimates)It will be very difficult to find a nicer neighborhood with a QUIET INTERIOR LOT at these prices. You'll enjoy great access to both the 101 and 51, minutes away from shopping at Desert Ridge and Scottsdale. Minutes to the Mayo Clinic. Walk to Paradise Valley Comm. College, golf course and library.
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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 | $2,750 |
| EXPENSES | Loan Payment | -$2,003 |
| Property Tax | -$342 | |
| Property Insurance | -$79 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$218
|
||
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.
$542,750
PROJECTED PRICE
$2,750
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
$149,579
LOAN DETAILS
$2,003
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $135,688 |
| Loan Amount | $407,063 |
7.5
YEARS SAVED
$60,973
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,750
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$3,048
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
3519 E Clark Road Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,750
- $1.04
-
3713 E Utopia Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007
![property image]()
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,200
- $0.95
-
4522 E Michigan Avenue Phoenix, AZ 3
- 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990
![property image]()
LEASED 03/04/20- Rent
- Rent Per SQFT
- $2,895
- $1.19
-
3625 E Rosemonte Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1989
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $3,000
- $1.27
-
19407 N 36th Place Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $3,200
- $1.22
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167036
Last Updated: 12/12/2020
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.
