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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $208.60
- 4 Days on Market
- MLS # : 6172408
- Updated Date : 12/17/2020 at 18:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,582 sqft
- Baths : 1 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Spacious 3 bedroom, 2 bath home on a large lot with a pool!! Light, bright and open! Split floor plan. Updated kitchen: self closing cabinet doors, large island with roll out drawers, built in micro/oven combo, granite counters and backsplash. Popcorn ceilings removed and tons of recessed lights throughout. Accent wall in the family room, prewired for surround sound, ceiling fan on remote and tile floors. Master lights on dimmer, built in vanity area with USB outlets, huge walk in closet and updated bathroom with tile shower, rain showerhead & vessel sink. Secondary bdrms good size with ceiling fans and tile floors. Hall bath also has tiled shower & vessel sink vanity. Large inside laundry room with extra storage. Programmable Nest thermostat & Low E, dual pane windows for efficiency.
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PRICE & RENT TRENDS
Neighborhood: Manzanita Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Manzanita Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$197 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$351
|
||
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.
$330,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.2% |
| 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
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
1.08
YEARS SAVED
$1,725
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,220
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,289
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
4015 W Alice Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,220
- $0.77
-
4039 W El Caminito Drive Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,245
- $0.80
-
4141 W Orchid Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976
LEASED 01/11/20- Rent
- Rent Per SQFT
- $1,295
- $0.80
-
4249 W Townley Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
3828 W Mission Lane Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,465
- $0.83
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172408
Last Updated: 12/17/2020
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.
