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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $92.47
- 1 Days on Market
- MLS # : 6203840
- Updated Date : 03/07/2021 at 04:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,568 sqft
- Baths : 1 full , 1 half
Listing Agent
Desert Mountain Realty
Listing Agent's Description
This is a home you want to come and see. This is a 3 Bedroom, 1 1/2 Bathroom, on a corner lot, with privacy fence on the South, West, and North sides of the back yard. The back yard has a nice covered patio the fill length of the house, and a carport that will cover 1 car. The back yard also has a nice large shed. As you enter the house, you see the nice Lamant wood flooring in the living room, and goes thru the halls to the bedrooms. There is beautiful tile in the kitchen, and both bathrooms. To the right, you notice an archway, into the carpeted family room. The Kitchen is large, with the dining area attached. Lota of room to entertain, or have family time. A real plus, is the city park, right beside the house, where your kids can play. This one wont last. Give us a call to check it out.
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PRICE & RENT TRENDS
Zip Code: 85137
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85137
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,000 |
| EXPENSES | Loan Payment | -$504 |
| Property Tax | -$124 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$216
|
||
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.
$145,000
PROJECTED PRICE
$1,000
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | -1.9% |
| 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
$44,175
LOAN DETAILS
$504
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $36,250 |
| Loan Amount | $108,750 |
12.5
YEARS SAVED
$28,609
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
-
$1,176
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
355 W Hartford Road Kearny, AZ 1
- 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
301 Hartford Road Kearny, AZ 2
- 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1959
![property image]()
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,150
- $0.75
PROPERTY LISTING DETAILS
Desert Mountain Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203840
Last Updated: 03/07/2021
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.
