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PROPERTY INFO
FACTS
- Built In 1967
- Price/Sqft : $154.13
- 1 Days on Market
- MLS # : 6157887
- Updated Date : 11/07/2020 at 21:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,914 sqft
- Baths : 1 full , 1 half
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Welcome to this Charming home in Central Phoenix. It features 3 spacious bedrooms and 2 baths. The updated kitchen has white cabinets, full appliance package, tile countertops and backsplash. The family room features a brick fireplace. There is also a separate living room. The laundry comes complete with both washer and dryer. The arizona room is a perfect outdoor, entertaining space. The backyard also has a patio and diving pool. This home is close to shopping, dining and highways.
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PRICE & RENT TRENDS
Neighborhood: Newcastle Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Newcastle Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$176 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$62
|
||
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.
$295,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.51%
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
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
6.92
YEARS SAVED
$28,513
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,622
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
4036 W Dunlap Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $1,490
- $0.78
-
9447 N 41st Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1969
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,400
- $0.80
-
4249 W Townley Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
4207 W Mission Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1968
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
4127 W Mission Lane Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1968
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,725
- $0.90
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157887
Last Updated: 11/07/2020
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.
