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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $157.59
- 7 Days on Market
- MLS # : 6197735
- Updated Date : 02/23/2021 at 12:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,792 sqft
- Baths : 2 full , 1 half
Listing Agent
R.o.i. Properties
Listing Agent's Description
Off the charts potential with this beauty of a two-story with NO HOA! The property is in mid-renovation and needs to be finished - it will be sold in its present condition. Soaring ceilings, great floor plan, open concept kitchen. Entertainer's back yard - excellent opportunity for someone with vision.
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PRICE & RENT TRENDS
Neighborhood: Cristo Paradise Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cristo Paradise Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,528 |
| Property Tax | -$263 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$41
|
||
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.
$440,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.3% |
| 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
$122,350
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
4.83
YEARS SAVED
$21,694
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,038
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
3601 W Paradise Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2108 W Le Marche Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,749
- $0.72
-
2048 W Monte Cristo Avenue Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009
LEASED 11/16/19- Rent
- Rent Per SQFT
- $1,800
- $0.74
PROPERTY LISTING DETAILS
R.o.i. Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197735
Last Updated: 02/23/2021
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.
