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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $204.26
- 1 Days on Market
- MLS # : 6160831
- Updated Date : 11/14/2020 at 21:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,924 sqft
- Baths : 2 full , 1 half
Listing Agent
Dpr Realty Llc
Listing Agent's Description
This very nice home in North Phoenix is situated in a quiet neighborhood on a corner lot . Conviently located near shopping, dining and near both the 101 and 51 freeways. The two story home features 3 bedrooms. 2.5 bathrooms plus a loft/sitting area that could be used as an office. The backyard is perfect for entertaining with plenty of covered patio and a unique swimming pool. Freshly repainted, the home has wood and tile flooring, granit countertops, stainless steel appliances, and vaulted ceilings. The home is move in ready.
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PRICE & RENT TRENDS
Neighborhood: Trovare
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trovare
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,450 |
| Property Tax | -$248 | |
| Property Insurance | -$65 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$135
|
||
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.
$393,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.4% |
| 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
$109,895
LOAN DETAILS
$1,450
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,250 |
| Loan Amount | $294,750 |
7.5
YEARS SAVED
$43,822
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,001
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
3905 E Wescott Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,010
- $1.04
-
3733 E Kerry Lane Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
-
3707 E Kristal Way Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,850
- $1.02
-
3772 E Kerry Lane Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2007
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,925
- $1.01
-
3942 E Wescott Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,200
- $1.14
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160831
Last Updated: 11/14/2020
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.
