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PROPERTY INFO
FACTS
- Single Family
- Built In 1947
- Price/Sqft : $282.26
- 3 Days on Market
- MLS # : 6187006
- Updated Date : 01/29/2021 at 01:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,116 sqft
- Baths : 1 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
The home of your dreams is here! Look no further...This charming 3bedroom/1bath home has plenty of space in the backyard for your future family gatherings. This home features interior neutral colors, plank tile flooring, stainless steel appliances, granite countertops, and upgradedkitchen cabinets...lets not forget to mention the double RV Gates and a detached storage shed.
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PRICE & RENT TRENDS
Neighborhood: Woodlawn Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodlawn Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$166 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$158
|
||
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.
$315,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.17
YEARS SAVED
$7,897
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,342
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
4005 N 15th Avenue Phoenix, AZ 1
- 3 beds 1 baths ∙ 1,116 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,116 Sqft ∙ Built 1947
- Rent
- Rent Per SQFT
- $1,250
- $1.12
-
208 W Glenrosa Avenue Phoenix, AZ 2
- 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,400
- $1.12
-
3845 N 12th Avenue Phoenix, AZ 3
- 3 beds 1 baths ∙ 1,143 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,143 Sqft ∙ Built 1947
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,450
- $1.27
-
4210 N 18th Drive Phoenix, AZ 4
- 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,176 Sqft ∙ Built 1946
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,495
- $1.27
-
4537 N 15th Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,499
- $1.15
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187006
Last Updated: 01/29/2021
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.
