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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $240.31
- 4 Days on Market
- MLS # : 6170516
- Updated Date : 12/17/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,652 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Gorgeous fully-renovated modern farmhouse with a pool & no HOA! Single level ranch-style home with 4 beds & 3 baths, with 2 of the bedrooms being master suites with attached bathrooms. The family room opens to a beautiful kitchen with custom tile backsplash, quartz counters, shaker cabinets, a bar area, and stainless steel appliances (Refrigerator is included with sale). Upon entry, you have great sightline to an 8' picture window that overlooks the Pebble Tec pool with rock waterfall. The backyard has an RV gate, two walkthrough gates, & a storage shed as well. Energy-efficient LED lighting & new dual-pane low-e windows can be found throughout the home, along with new doors, ceilings fans & custom tile work in the bathrooms. This is a move-in-ready home that will not last long!
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PRICE & RENT TRENDS
Neighborhood: Valley Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valley Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,465 |
| Property Tax | -$237 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$350
|
||
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.
$397,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.3% |
| 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
$110,955
LOAN DETAILS
$1,465
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,250 |
| Loan Amount | $297,750 |
1.58
YEARS SAVED
$4,521
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,233
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
3861 W Caribbean Lane Phoenix, AZ 4
- 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1972 4 beds 3 baths ∙ 1,652 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,510
- $0.91
-
3932 W Woodridge Drive Glendale, AZ 1
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,299
- $0.73
-
3518 W Eugie Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.74
-
13813 N 36th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,425
- $0.77
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170516
Last Updated: 12/17/2020
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.
