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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $272.45
- 2 Days on Market
- MLS # : 6263375
- Updated Date : 07/12/2021 at 18:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,276 sqft
- Baths : 2 full
Listing Agent
Zillow Homes Inc
Listing Agent's Description
Offers will be reviewed after 7/14. Please submit your best offer by 7/14 at 11:59 pm. Welcome to this stunning single-level 4 bedroom, 2 bathroom located in the desirable Community of Tramonto. The community features heated pool & spa, tennis courts, and more. Inside, you will find an open living space with a welcoming family room, an eat-in kitchen with breakfast bar, pantry, and a versatile loft that would be perfect for home office or additional seating. The luxurious primary bedroom offers a spacious walk-in closet and an en suite bathroom with double sinks and a garden tub. A sliding glass door leads you to the spacious covered patio and large private backyard with synthetic grass. Great location with easy access to hiking trails, restaurants, and shopping.
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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 | $2,000 |
| EXPENSES | Loan Payment | -$2,154 |
| Property Tax | -$371 | |
| Property Insurance | -$72 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$705
|
||
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.
$620,100
PROJECTED PRICE
$2,000
PROJECTED RENT
0.32%
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
$170,077
LOAN DETAILS
$2,154
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $155,025 |
| Loan Amount | $465,075 |
0.42
YEARS SAVED
$772
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,009
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
35712 N 31st Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,000
- $0.88
-
3045 W Leisure Lane Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.85
-
3010 W Languid Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.87
-
3418 W Languid Lane Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,190
- $0.90
-
35710 N 30th Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,250
- $0.91
PROPERTY LISTING DETAILS
Zillow Homes Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263375
Last Updated: 07/12/2021
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.
