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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $193.78
- 4 Days on Market
- MLS # : 6162203
- Updated Date : 11/18/2020 at 22:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,496 sqft
- Baths : 1 full , 1 half
Listing Agent
Delex Realty
Listing Agent's Description
Nice home with a pool and play area for the kids, Nice size bedrooms, family and living rooms open floorplan and kitchen open to family room & sliding doors to the back yard, bay window in kitchen, inside laundry, walk-in in master bed, desert landscaping, cov. patio, RV Gate/Parking.
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PRICE & RENT TRENDS
Neighborhood: Braewood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Braewood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,150 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$179 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$254
|
||
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.
$289,900
PROJECTED PRICE
$1,150
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 12.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
1.58
YEARS SAVED
$3,241
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,150
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,227
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
3632 N 88th Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,150
- $0.77
-
8956 W Indianola Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,095
- $0.82
-
8614 W Campbell Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1998
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,250
- $0.83
-
4216 N 86th Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1976
LEASED 11/29/19- Rent
- Rent Per SQFT
- $1,260
- $0.83
-
8507 W Minnezona Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1996
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,350
- $0.80
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162203
Last Updated: 11/18/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
