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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $158.17
- 6 Days on Market
- MLS # : 6189663
- Updated Date : 02/10/2021 at 00:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,549 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Beautiful 3 Bedroom, 2 Bath, Remodeled Single Level Home, Open Kitchen w/Custom Cabinets & Upgraded Appliances, Eat-In Kitchen Dining, Spacious Great Room, Master Bedroom w/Walk-In Closet & Ensuite Master Bathroom, Enclosed Arizona Room, Wood Burning Fireplace, Dual Pane Windows, Fantastic Workshop, Sparkling Diving Pool, Covered Backyard Patio, 1 Car Garage, 2 Car Carport, RV Gate & Parking, Come Check It Out!
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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 | -$851 |
| Property Tax | -$148 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$105
|
||
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.
$245,000
PROJECTED PRICE
$1,050
PROJECTED RENT
0.43%
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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
3.42
YEARS SAVED
$7,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,208
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3819 N 48th Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1956
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3725 W Meadowbrook Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,199
- $0.80
-
3026 N 39th Drive Phoenix, AZ 3
- 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 4
- 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 5
- 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
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189663
Last Updated: 02/10/2021
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.
