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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $174.30
- 2 Days on Market
- MLS # : 6196315
- Updated Date : 02/21/2021 at 02:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,008 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Upon entering you are greeted by the large living room, ideal for a gathering around the TV or well able to accommodate your friends and loved ones! The wonderful floorplan creates a feeling of light and space. The thoughtfully remodeled kitchen opens to the family room with a fireplace and features lovely cabinets, Silestone countertops, and high end appliances- all overlooking a lush, beautifully designed backyard with a pool and patio. The owner's suite has all the features of an executive home - tub, shower, double sinks, separate water closet , walk in closet, and it is well separated from the other bedrooms with a private exit to the pool. The gracious owners have loved and maintained this substantial home since 1981. It has so much to offer!
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PRICE & RENT TRENDS
Neighborhood: Sun Ray Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Ray Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$209 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$90
|
||
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.
$350,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.9% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
7.08
YEARS SAVED
$29,808
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,872
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
4007 W Sharon Avenue Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,680
- $0.84
-
3633 W Calavar Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
LEASED 01/21/21- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
4007 W Rue De Lamour Avenue Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979
LEASED 12/28/19- Rent
- Rent Per SQFT
- $1,800
- $0.92
-
4315 W Redfield Road Glendale, AZ 4
- 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,905
- $0.91
-
3745 W Willow Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196315
Last Updated: 02/21/2021
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.
