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PROPERTY INFO
FACTS
- Single Family
- Built In 1968
- Price/Sqft : $281.15
- 3 Days on Market
- MLS # : 6178721
- Updated Date : 01/08/2021 at 20:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,814 sqft
- Baths : 2 full
Listing Agent
Velocity Re & Mgmt
Listing Agent's Description
Back on the market! Bonus room for home office or home schooling! This charming 3 bedroom 2 bath home is in the sought after Cavalier Estates 85028! The properties on this street are meticulously landscaped with No HOA. This stunning home has been updated inside and out with a 2-car garage and large 10,000+ SF lot. The backyard is a must see with a 60' long raised covered patio featuring over 700 SF of outdoor living space under 4 outdoor ceiling fans and room for outdoor couch, television, dining room and barbecue area. Additionally, there's a built in garden with cozy fire pit, sun deck, pebble-tec Salt pool, large grassy yard and gated back storage area with alley access. Lots of parking with the extra side driveway. The interior features all new roof in 2019, new AC in 2018,
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PRICE & RENT TRENDS
Neighborhood: Cavalier Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cavalier Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$321 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$84
|
||
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.
$510,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$140,900
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
4.42
YEARS SAVED
$22,409
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
-
$2,317
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
3915 E Yucca Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1968
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3702 E Shaw Butte Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,000
- $1.08
-
4043 E Cholla Street Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1974
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,295
- $1.31
-
3735 E Sahuaro Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1969
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.30
-
3924 E Desert Cove Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,869 Sqft ∙ Built 1968
LEASED 11/25/20- Rent
- Rent Per SQFT
- $2,650
- $1.42
PROPERTY LISTING DETAILS
Velocity Re & Mgmt
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178721
Last Updated: 01/08/2021
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.
