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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $173.15
- 2 Days on Market
- MLS # : 6210117
- Updated Date : 03/20/2021 at 19:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,542 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Welcome home to this charming 3 bedroom, 2 bath home with a spacious backyard! Kitchen has cherry wood cabinets, backsplash, and granite countertops. Home features tile in all the right places, carpet replaced in the living room, and wood installed in bedrooms. Backyard provides a peaceful retreat with lush green grass, tall key lime tree and Arizona ash tree. Patio has plenty of room for seating areas with added pavers. Mature ficus trees in front of home provide excellent shade. Corner lot with no HOA!Great location with schools nearby and grocery stores just around the corner. Come see it today!
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,050 |
| EXPENSES | Loan Payment | -$927 |
| Property Tax | -$161 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$194
|
||
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.
$267,000
PROJECTED PRICE
$1,050
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$76,505
LOAN DETAILS
$927
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,750 |
| Loan Amount | $200,250 |
2.08
YEARS SAVED
$3,446
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,050
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,210
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
3801 N 50th Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1956
- Rent
- Rent Per SQFT
- $1,050
- $0.68
-
3026 N 39th Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,275
- $0.81
-
2844 N 57th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970
LEASED 12/23/20- Rent
- Rent Per SQFT
- $1,299
- $0.75
-
6020 W Pinchot Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,325
- $0.76
-
6136 W Clarendon Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1958
LEASED 02/03/22- Rent
- Rent Per SQFT
- $1,395
- $0.82
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6210117
Last Updated: 03/20/2021
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.
