Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $233.07
- 2 Days on Market
- MLS # : 6179107
- Updated Date : 01/09/2021 at 19:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,373 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Come and enjoy life in this delightful, move-in ready, 3/2 beauty in Keystone! This appealing floorplan is entirely welcoming, w/ soaring ceilings, and barn door. Kitchen includes a movable island, and tons of pantry space. One bedroom and full bath on the ground level. Master offers ensuite bathroom, w/ double vanity and spacious walk-in closet. Other bedroom is the perfect home office/flex space to maximize productivity.N/S exposure, and low-maintenance back yard. HOA maintains front yard. Mountain Park Ranch offers 3 Jr. Olympic sparkling pools (one heated), 3 spas, tennis courts, basketball, sand volleyball, playgrounds, and picnic areas. There are walking trails & awesome hiking nearby. Kyrene School District! Close to freeways, and tons of dining/shopping. Welcome home!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$228 | |
| Property Insurance | -$54 | |
| HOA | -$152 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$320,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
3.67
YEARS SAVED
$10,583
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
-
$1,576
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
3843 E Ironwood Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4047 E Jojoba Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,575
- $1.07
-
3937 E Orchid Lane Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1987
LEASED 04/12/20- Rent
- Rent Per SQFT
- $1,600
- $1.13
-
3806 E Orchid Lane Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1989
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,695
- $1.19
-
3605 E Agave Road Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1987
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,750
- $1.20
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179107
Last Updated: 01/09/2021
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.
