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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $443.01
- 2 Days on Market
- MLS # : 6195538
- Updated Date : 02/20/2021 at 14:19
CONSTRUCTION
- Beds : 3
- Floor Size : 2,483 sqft
- Baths : 3 full
Listing Agent
Realty Executives
Listing Agent's Description
Nestled at the end of the cul-de-sac, creating ''private'' enjoyment! Cheerful, charming, warm & inviting! Displaying a stylish execution of Santa Barbara/Ranch/ Contemporary. The perfect home to size dn, or a great opportunity to expand, exibiting a true AZ. lifestyle with desert landscape & Camelback Mtn. views. The home had extensive,quality changes throughout in 2008 (previous owner/builder). Marion Estates is a highly desirable ''unique community'' w/an exceptional location. Convenient to shopping, restaurants,hiking, the airport. Walk, run or ride or bike on the canal for miles Surround by homes exceeding $2,000,000.!!!!
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PRICE & RENT TRENDS
Neighborhood: Marion Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marion Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,130 |
| EXPENSES | Loan Payment | -$3,821 |
| Property Tax | -$570 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,435
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$1,100,000
PROJECTED PRICE
$3,130
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$297,250
LOAN DETAILS
$3,821
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $275,000 |
| Loan Amount | $825,000 |
0.25
YEARS SAVED
$258
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,130
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$3,725
COMP ESTIMATED VALUE -
$1.5
COMP AVG. RENT PER SQFT
Comps Range
-
4010 E San Juan Avenue Phoenix, AZ 1
- 3 beds 3 baths ∙ 2,483 Sqft ∙ Built 1960 3 beds 3 baths ∙ 2,483 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $3,130
- $1.26
-
4106 E San Miguel Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 1958
LEASED 05/22/20- Rent
- Rent Per SQFT
- $3,300
- $1.43
-
4002 E Mcdonald Drive Paradise Valley, AZ 3
- 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1959
LEASED 11/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.43
-
4343 E Stanford Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960
LEASED 10/29/19- Rent
- Rent Per SQFT
- $3,800
- $1.46
-
4020 E Colter Street Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 1966
LEASED 08/31/20- Rent
- Rent Per SQFT
- $3,995
- $1.68
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195538
Last Updated: 02/20/2021
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.
