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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $185.00
- 4 Days on Market
- MLS # : 6195736
- Updated Date : 02/19/2021 at 23:55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,027 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful 3 Bedroom + Office/2 Bathroom Home with Pool, RV Gate & No HOA! Bring your RV & all of your Toys. This Awesome Home Features; Fresh Interior & Exterior Paint & Carpet, 1 Year New HVAC System, Refreshing Pool, Newer RV Gate with RV Hook Up, Private Room off of the Primary Bedroom that can be used as an Office, Separate Wet Bar/Play Room with Sink and Mini Refrigerator, Vaulted Ceilings, Ceiling Fans throughout, Security Camera's that convey, Two Primary Bedroom Closets (His and Hers), 2 Car Garage, Newer Hot Water Heater, Stainless Steel Refrigerator & Washer & Dryer that Convey, Double Oven Range, Pantry, Maintenance Free Desert Landscaping, Large N/S Lot with a North facing Backyard & a Covered patio with Ceiling Fan. Super Clean Home! Hurry and See this Home Before It's Gone!
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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 | $1,640 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$224 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$52
|
||
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.
$375,000
PROJECTED PRICE
$1,640
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
4.58
YEARS SAVED
$17,272
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
-
$1,459
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
3608 W Monte Cristo Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3932 W Woodridge Drive Glendale, AZ 2
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,299
- $0.73
-
3802 W Juniper Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980
LEASED 11/27/19- Rent
- Rent Per SQFT
- $1,545
- $0.69
-
15424 N 31st Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1979
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,695
- $0.74
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195736
Last Updated: 02/19/2021
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.
