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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $172.82
- 3 Days on Market
- MLS # : 6193794
- Updated Date : 02/13/2021 at 23:42
CONSTRUCTION
- Beds : 5
- Floor Size : 3,124 sqft
- Baths : 3 full , 1 half
Listing Agent
The Maricopa Real Estate Company
Listing Agent's Description
The search is over! Located in the desirable Ahwatukee community of Phoenix and highly sought after Lakewood community close to both small lakes and trails, this large and inviting 5 bed, 3.5 bath property features a stunning facade with desert front landscaping, a 3-car garage, and so much more! First time on the market, this home was lovingly maintained by the original owners, who are downsizing. Step inside to a newly painted interior, an open and efficient floor plan, spacious dining and living areas, gorgeous vaulted ceilings, a cozy fireplace, and tons of natural light. Check out the fabulous eat-in kitchen with ample cabinetry, granite countertops, stainless steel appliances, and a charming breakfast bar. The grand owners suite located on the main floor boasts lovely bay windows
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PRICE & RENT TRENDS
Neighborhood: Wilton Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wilton Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,710 |
| EXPENSES | Loan Payment | -$1,875 |
| Property Tax | -$384 | |
| Property Insurance | -$88 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$258
|
||
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.
$539,900
PROJECTED PRICE
$2,710
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| 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
$148,824
LOAN DETAILS
$1,875
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $134,975 |
| Loan Amount | $404,925 |
7.67
YEARS SAVED
$54,085
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,116
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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3909 E Windsong Drive Phoenix, AZ 1
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- $2,750
- $0.92
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- 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,950
- $1.05
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16055 S 30th Place Phoenix, AZ 4
- 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 1994
LEASED 02/08/21- Rent
- Rent Per SQFT
- $2,950
- $0.96
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15856 S 38th Street Phoenix, AZ 5
- 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 1992
LEASED 04/22/20- Rent
- Rent Per SQFT
- $3,500
- $1.06
PROPERTY LISTING DETAILS
The Maricopa Real Estate Company
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193794
Last Updated: 02/13/2021
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.
