Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $155.58
- 2 Days on Market
- MLS # : 6194730
- Updated Date : 02/20/2021 at 08:15
CONSTRUCTION
- Beds : 4
- Floor Size : 4,178 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Gorgeous, North Phoenix home nestled in quiet Tramonto subdivision. This two-story home includes high end builder upgrades with elegant solid cherry wood cabinets throughout, widened passageways, built-in closet systems. Spacious great room with family room/kitchen met by an extended butler pantry leading into formal dining area. Private office space downstairs with built-in desk and cabinetry, formal living room and large loft area with separate study space upstairs. Two master suites one downstairs and another upstairs. Enjoy the stunning mountain views from the balcony. Speakers throughout the home for your music listening pleasure! Private heated saltwater pool & spa, covered patio with misters, extended multi-level outdoor entertaining, built-in wood burning exterior fireplace.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tramonto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$2,258 |
| Property Tax | -$389 | |
| Property Insurance | -$109 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$233
|
||
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.
$650,000
PROJECTED PRICE
$2,630
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| 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
$178,000
LOAN DETAILS
$2,258
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
3.5
YEARS SAVED
$19,476
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,630
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$2,674
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
35313 N 26th Avenue Phoenix, AZ 3
- 4 beds 4 baths ∙ 4,178 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,178 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,630
- $0.63
-
3022 W Gran Paradiso Drive Phoenix, AZ 1
- 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.63
-
2318 W Via Perugia -- Phoenix, AZ 2
- 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,600
- $0.66
-
33817 N 23rd Drive Phoenix, AZ 4
- 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,795
- $0.63
-
2433 W Horsetail Trail Phoenix, AZ 5
- 5 beds 4 baths ∙ 4,402 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,402 Sqft ∙ Built 2005
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,800
- $0.64
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194730
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.
