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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $371.26
- 2 Days on Market
- MLS # : 6203443
- Updated Date : 03/06/2021 at 19:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,872 sqft
- Baths : 2 full
Listing Agent
American Realty Brokers
Listing Agent's Description
Location and no HOA! Surrounded by million $ homes, this property is perfect for personal home buyers and investors alike. Grow your own food in the separate greenhouse/garden, and enjoy cooking in the spacious kitchen with its new appliances, including double ovens and a gas cooktop. Two living areas off kitchen include a cozy, brick fireplace and make this home great for entertaining. Master suite has 2 walk-in closets, large bathroom with dual sinks, and separate exit to back patio. The expansive 2nd bathroom has plenty of counter and storage space. Carport in front has separate locking storage room, and the 2-car carport in back has locking entrance gate and a large shop attached - perfect for all your hobbies. Close to unique restaurants/shopping, Biltmore/Camelback Corridor and
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PRICE & RENT TRENDS
Neighborhood: Pasadena Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pasadena Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,390 |
| EXPENSES | Loan Payment | -$2,414 |
| Property Tax | -$441 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$627
|
||
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.
$695,000
PROJECTED PRICE
$2,390
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.5% |
| 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
$189,925
LOAN DETAILS
$2,414
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $173,750 |
| Loan Amount | $521,250 |
1.33
YEARS SAVED
$4,437
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,696
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
3524 E Glenrosa Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3831 N 34th Street Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1958
![property image]()
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,300
- $1.28
-
4135 N 35th Way Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1953
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.47
-
3624 E Weldon Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1953
![property image]()
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,500
- $1.47
-
4302 N 35th Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1958
![property image]()
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,850
- $1.54
PROPERTY LISTING DETAILS
American Realty Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203443
Last Updated: 03/06/2021
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.
