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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $268.12
- 5 Days on Market
- MLS # : 6174223
- Updated Date : 12/26/2020 at 15:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
A fantastic 3 bed / 2bath located in PV School District is now on the market! Close to Roadrunner Park & Farmer's Market. The home itself features low maintenance front landscaping with a 2 car garage and RV gate. The elegant interior boasts a cozy living area plus a formal dining room and a luxurious kitchen worthy of a chef, with its ample cabinetry, granite countertops, matching stainless steel appliances and lovely breakfast bar. Inside the beautiful master bedroom you will find a private bath along with an exit to the expansive backyard, which in turn boasts grassy backyard covered patio with custom brick also surrounding the refreshing pebble sheen pool perfect for the warm summer days! What are you waiting for? Schedule a showing today!
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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 | $1,610 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$233 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$141
|
||
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.
$369,999
PROJECTED PRICE
$1,610
PROJECTED RENT
0.44%
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
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,499 |
3.83
YEARS SAVED
$15,311
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,628
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
3741 E Charter Oak Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $1,610
- $1.17
-
12738 N 40th Place Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.20
-
3753 E Charter Oak Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1976
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,595
- $1.16
-
13015 N 37th Place Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,650
- $1.20
-
12215 N 36th Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,825
- $1.16
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174223
Last Updated: 12/26/2020
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.
