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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $291.05
- 3 Days on Market
- MLS # : 6199569
- Updated Date : 02/26/2021 at 23:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,632 sqft
- Baths : 2 full
Listing Agent
North & Co
Listing Agent's Description
Gorgeous, fully remodeled home in the heart of North Phoenix! You are welcomed to this beautiful turn-key 3 bedroom 2 bath home by a spacious family room that opens to a chef's kitchen. Boasting granite countertops, craftsman style cabinets, a large island, farmhouse sink and stainless appliances, your kitchen is ready for home-cooked meals and family gatherings. Featuring crown molding and new trim throughout, the open concept floorplan leads you to a renovated guest bathroom, 2 large bedrooms and a huge master suite with walk-in closet. Relax in your master bathroom, complete with separate jetted tub, walk-in shower and vanity with plenty of storage. The backyard, prime for entertaining, has lush green grass, a new pergola, and a new sparkling saltwater pool with Pebble Tec. See the...
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PRICE & RENT TRENDS
Neighborhood: Roadrunner Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Roadrunner Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$299 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$237
|
||
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.
$475,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.0% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
3.17
YEARS SAVED
$11,820
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,873
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
3732 E Marmora Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $1.15
-
13236 N 39th Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 1972
![property image]()
LEASED 12/27/20- Rent
- Rent Per SQFT
- $1,600
- $1.09
-
12215 N 36th Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972
![property image]()
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,825
- $1.16
-
12728 N 40th Place Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979
![property image]()
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,850
- $1.11
-
12615 N 35th Place Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.23
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199569
Last Updated: 02/26/2021
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.
