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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $198.06
- 3 Days on Market
- MLS # : 6165422
- Updated Date : 11/27/2020 at 17:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,287 sqft
- Baths : 1 full , 1 half
Listing Agent
Arizona 1st Land & Home Re Co
Listing Agent's Description
CHARMING BRICK HOME IN GREAT ALHAMBRA NEIGHBORHOOD ACROSS THE STREET FROM PRADERA PARK. HOME IS NEWLY UPDATED WITH INTERIOR & EXTERIOR PAINT,DUAL PANE WINDOWS, KITCHEN CABINETS, BATH VANITIES, GRANITE COUNTERS, BACKSPLASH, SS APPLIANCES, TILE SHOWER SURROUNDS,6 PANEL DOORS, CROWN MOLDING, LIGHT FIXTURES AND MUCH MORE. CALL TODAY TO SCHEDULE YOUR VIEWING.
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PRICE & RENT TRENDS
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $960 |
| EXPENSES | Loan Payment | -$940 |
| Property Tax | -$140 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$272
|
||
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.
$254,900
PROJECTED PRICE
$960
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.8% |
| 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
$73,299
LOAN DETAILS
$940
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,725 |
| Loan Amount | $191,175 |
1.17
YEARS SAVED
$1,488
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$960
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$914
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
4019 W Ocotillo Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $960
- $0.75
-
6650 N 43rd Avenue #a Glendale, AZ 2
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
![property image]()
LEASED 06/28/19- Rent
- Rent Per SQFT
- $1,000
- $0.63
-
6535 N 44th Avenue Glendale, AZ 3
- 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.79
PROPERTY LISTING DETAILS
Arizona 1st Land & Home Re Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165422
Last Updated: 11/27/2020
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.
