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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $215.34
- 3 Days on Market
- MLS # : 6196316
- Updated Date : 02/19/2021 at 03:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,741 sqft
- Baths : 2 full
Listing Agent
Maplewood Homes
Listing Agent's Description
WOW! This home has recently been remodeled by a licensed contractor. The home features fresh paint, new flooring, and updated fixtures throughout. Walk in to a spacious living room filled with natural light. The kitchen has been completely redone with new white cabinets, quartz counter tops, stainless steel appliances, and new hardware. All bedrooms boast new carpet, fresh paint, and new light fixtures. Both bathrooms have been updated with new vanities, counter tops, shower surrounds, and fixtures. The backyard is a true oasis with a sparkling blue pool and long covered patio, ready for entertaining! RV Gate and no HOA!
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PRICE & RENT TRENDS
Neighborhood: Newcastle Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Newcastle Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$224 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$306
|
||
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.
$374,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.3% |
| 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
$105,099
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
1.67
YEARS SAVED
$3,682
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,314
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
4016 W Dailey Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $1,380
- $0.79
-
3518 W Eugie Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.74
-
13813 N 36th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,425
- $0.77
PROPERTY LISTING DETAILS
Maplewood Homes
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196316
Last Updated: 02/19/2021
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.
