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PROPERTY INFO
FACTS
- Built In 1976
- Price/Sqft : $272.80
- 7 Days on Market
- MLS # : 6151312
- Updated Date : 10/31/2020 at 18:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,338 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
New Roof. Cute move in ready home. Remodeled a few years ago. All new flooring included tile throughout living area and new carpet in the bedrooms. Dual pane windows. Remodeled kitchen and bathrooms. The exterior has been finished with stucco. Enjoy the outdoors with a huge, North facing back patio. This is on a corner lot with a wide RV gate and a block wall. Extended covered patio, fake grass and trees. Corner Lot. North South exposure
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$230 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$189
|
||
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.
$365,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.6% |
| 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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
3.33
YEARS SAVED
$11,594
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,535
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
4030 E Pershing Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $1,540
- $1.15
-
4138 E Joan De Arc Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1977
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.06
-
13248 N 38th Place Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,585
- $1.10
-
3916 E Joan De Arc Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1971
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,600
- $1.16
-
12851 N 39th Way Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1977
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,800
- $1.27
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6151312
Last Updated: 10/31/2020
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.
