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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $205.62
- 5 Days on Market
- MLS # : 6162118
- Updated Date : 11/20/2020 at 00:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,264 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Single story, 3 bedroom, 2 bath home. Beautiful layered stone fireplace is the centerpiece of this over sized family room. Tile flooring in the main living area and carpet floors in all the bed rooms. Stainless steel appliances and above ground spa conveys with property. Within minutes of the shops at Norterra, Deer Valley Town Center, John C Lincoln Hospital and easy access to the 101 and I-17. Hurry this one will not last long!
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PRICE & RENT TRENDS
Neighborhood: Courtland Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Courtland Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$155 | |
| Property Insurance | -$52 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$9
|
||
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.
$259,900
PROJECTED PRICE
$1,260
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.3% |
| 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
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
5.58
YEARS SAVED
$18,606
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,260
LIST RENT -
$1
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
3717 W Carol Ann Way Phoenix, AZ
- 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,260
- $1.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162118
Last Updated: 11/20/2020
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.
