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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $245.35
- 3 Days on Market
- MLS # : 6199800
- Updated Date : 02/28/2021 at 04:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,345 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Pride of ownership shows! 3-Bedroom, 2-Bathroom. 2-Car Garage. PRIVATE POOL, Big Backyard. RV GATE and LOTS of space for your boat/trailer/RV.
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PRICE & RENT TRENDS
Neighborhood: Thunderbird Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Thunderbird Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$197 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$175
|
||
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.
$330,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.0% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
3
YEARS SAVED
$7,806
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,318
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3617 W Voltaire Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,320
- $0.98
-
3150 W Willow Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1961
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,385
- $0.96
-
12602 N 38th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1972
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,395
- $0.99
-
4011 W Wood Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,449
- $0.98
-
3838 W Dailey Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,450
- $0.99
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199800
Last Updated: 02/28/2021
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.
