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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $224.08
- 1 Days on Market
- MLS # : 6170874
- Updated Date : 12/12/2020 at 18:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,138 sqft
- Baths : 2 full
Listing Agent
All In The Family Re
Listing Agent's Description
BEAUTIFUL 3 BEDROOM 2 BATH HOME WITH A GOOD SIZED LOT AND AN RV GATE TO THE BACKYARD AS WELL AS A STORAGE SHED AND A LARGE COVERED PATIO. HOME HAS BEEN RE-DONE, NEW TILE FLOORING IN THE KITCHEN, GREAT ROOM AND HALLWAY. NEW CARPET IN ALL OF THE BEDROOMS. THE KITCHEN HAS BEEN COMPLETELY RE-DONE WITH NEW CABINETS AND NEW GRANITE COUNTER TOPS AND STAINLESS APPLIANCES. THE HOME HAS NEW PAINT INSIDE AND OUTSIDE. BOTH BATHROOMS HAVE BEEN COMPLETELY RE-DONE. THIS IS ONE TO SEE. PRICED RIGHT AND WILL GO QUICK.
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $980 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$154 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$263
|
||
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.
$255,000
PROJECTED PRICE
$980
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
1.25
YEARS SAVED
$1,677
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$980
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$884
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
4052 N 79th Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $980
- $0.86
-
3015 N 77th Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1979
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,049
- $0.75
-
7728 W Reade Avenue Glendale, AZ 3
- 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,095
- $0.78
-
8802 W Pinchot Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,125
- $0.80
PROPERTY LISTING DETAILS
All In The Family Re
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170874
Last Updated: 12/12/2020
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.
