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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $330.42
- 5 Days on Market
- MLS # : 6186173
- Updated Date : 01/29/2021 at 00:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,285 sqft
- Baths : 3 full
Listing Agent
Re/max Desert Showcase
Listing Agent's Description
A MUST SEE Beautiful 3 BD/3 BA Mid-century design flared home. Nestled in a desirable 85018 Arcadia zip code. Open floor plan w/ plenty of natural light throughout house. Separate living space w/fireplace. Travertine tiled floors, granite countertops, knotty alder cabinets, and stainless-steel appliances. W/D included inside a large laundry room. Plenty of parking w/2 car garage, R/V gate & a 4-car driveway. Bathrooms have dual sink vanities, granite countertops, and a master bath with a jetted tub. Freshly painted backyard patio cool decking. Beautiful intimate backyard with pool and water feature. Located within Scottsdale Unified School district. Conveniently located w/in 5 miles of Old Town Scottsdale, Scottsdale Fashion Square, Papago Park, Sky Harbor airport & much more!!! NO HOA!!!
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PRICE & RENT TRENDS
Neighborhood: Rancho Ventura
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Ventura
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$2,622 |
| Property Tax | -$391 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$874
|
||
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.
$755,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 11.3% |
| 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
$205,825
LOAN DETAILS
$2,622
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $188,750 |
| Loan Amount | $566,250 |
0.5
YEARS SAVED
$1,138
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
-
$2,439
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
4121 E Catalina Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 1954
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4138 E Pinchot Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1952
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,100
- $0.97
-
3409 N 43rd Place Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1955
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.97
-
4437 E Clarendon Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,345
- $1.02
-
4042 E Fairmount Avenue Phoenix, AZ 5
- 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1952 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1952
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,150
- $1.31
PROPERTY LISTING DETAILS
Re/max Desert Showcase
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186173
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
