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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $267.92
- 3 Days on Market
- MLS # : 6181249
- Updated Date : 01/15/2021 at 07:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,250 sqft
- Baths : 2 full
Listing Agent
On Q Property Management
Listing Agent's Description
Come see this 3 Bed / 2 Bath home in Mountain Park Ranch, a highly sought after subdivision with a community pool! The interior features vaulted ceilings, a tile roof, a low maintenance yard, and a large covered patio. Mountain Park Ranch has low HOA fees, and offers some of the best amenities in the Foothills with 3 community pools, tennis courts, playgrounds... all for just $25 per month. ** Pictures are from December 2015 **
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PRICE & RENT TRENDS
Neighborhood: Saguaro Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Saguaro Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,163 |
| Property Tax | -$238 | |
| Property Insurance | -$52 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$86
|
||
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.
$334,900
PROJECTED PRICE
$1,470
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$94,499
LOAN DETAILS
$1,163
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,725 |
| Loan Amount | $251,175 |
4
YEARS SAVED
$12,251
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$1,469
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
3814 E Blue Flax Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,470
- $1.18
-
3830 E Lakewood Parkway #2018 Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,450
- $1.15
-
3830 E Bighorn Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.20
-
3830 E Lakewood Parkway #1050 Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995
![property image]()
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,550
- $1.23
-
3610 E Windmere Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1991
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,600
- $1.12
PROPERTY LISTING DETAILS
On Q Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181249
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
