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PROPERTY INFO
FACTS
- Single Family
- Built In 1956
- Price/Sqft : $192.85
- 3 Days on Market
- MLS # : 6181150
- Updated Date : 01/16/2021 at 03:37
CONSTRUCTION
- Beds : 4
- Floor Size : 1,400 sqft
- Baths : 2 full
Listing Agent
The John Samuels Agency
Listing Agent's Description
Beautiful fully remodeled 4/2 in Phoenix priced to sell! This beautiful property has a nice contemporary open concept floor plan. The amenities include stainless steel appliances, granite counter tops, and custom tile showers. This home has a large one vehicle carport and space to park an RV. In addition, property includes a back patio with a spacious back yard perfect for entertaining family or friends. Property is close to dining, shopping, schools, and is easily accessible to the I-10 freeways. Don't miss out on this opportunity.
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,040 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$163 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$214
|
||
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.
$269,995
PROJECTED PRICE
$1,040
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$77,299
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,499 |
| Loan Amount | $202,496 |
1.67
YEARS SAVED
$2,845
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,057
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4016 N 55th Avenue Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2844 N 57th Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970
LEASED 12/23/20- Rent
- Rent Per SQFT
- $1,299
- $0.75
-
6020 W Pinchot Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,325
- $0.76
PROPERTY LISTING DETAILS
The John Samuels Agency
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181150
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
