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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $273.55
- 2 Days on Market
- MLS # : 6190892
- Updated Date : 02/06/2021 at 17:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,444 sqft
- Baths : 2 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this two story home in gated Fireside at Desert Ridge! This home has been refreshed with new interior and exterior paint and new carpet. The kitchen features granite countertops and stainless steel appliances. Half bathroom on the main floor for guests' convenience. All bedrooms and full bathrooms are located on the second floor. The primary bedroom has an ensuite bathroom with dual sinks and a walk in closet. GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. Vacant and ready for viewing, come see!
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PRICE & RENT TRENDS
Neighborhood: Fireside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fireside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$249 | |
| Property Insurance | -$55 | |
| HOA | -$222 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$107
|
||
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.
$395,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.4% |
| 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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
3.5
YEARS SAVED
$12,047
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
-
$1,884
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
-
3961 E Melinda Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $0
- $0.00
-
21824 N 40th Way Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,449 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,449 Sqft ∙ Built 1999
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,850
- $1.28
-
3947 E Melinda Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,900
- $1.32
-
3967 E Melinda Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 2008
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.35
-
3935 E Rough Rider Road #1264 Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2015
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,950
- $1.27
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190892
Last Updated: 02/06/2021
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.
