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PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $239.70
- 1 Days on Market
- MLS # : 6160843
- Updated Date : 11/14/2020 at 22:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,456 sqft
- Baths : 2 full
Listing Agent
Balboa Realty, Llc
Listing Agent's Description
NO HOA!! Beautifully Remodeled home with New Roof, New modern bathrooms, Updated Kitchen with Granite, New stainless appliances, New flooring and new paint throughout. Good size bedrooms with large Primary bedroom closet. Large Laundry Room for additional storage or Pantry Space. Huge back yard with RV Gate and RV Parking -allowed. Located in quiet North East Phoenix neighborhood with great Schools, close to Sr 51 and 101. Plenty of room in the back yard for a swimming pool, or to park your additional vehicles and toys. Additional pictures added soon
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PRICE & RENT TRENDS
Neighborhood: Paradise Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$220 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$52
|
||
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.
$349,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
5.08
YEARS SAVED
$21,282
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,729
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
4020 E Campo Bello Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4114 E Union Hills Drive #1265 Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1988
![property image]()
LEASED 09/12/20- Rent
- Rent Per SQFT
- $1,595
- $1.16
-
18042 N Villa Rita Drive Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1974
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,715
- $1.12
-
4115 E Hartford Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1977
![property image]()
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,725
- $1.24
-
4134 E Campo Bello Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1974
![property image]()
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,965
- $1.23
PROPERTY LISTING DETAILS
Balboa Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160843
Last Updated: 11/14/2020
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.
