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PROPERTY INFO
FACTS
- Single Family
- Built In 1953
- Price/Sqft : $276.21
- 1 Days on Market
- MLS # : 6173694
- Updated Date : 01/31/2021 at 02:47
CONSTRUCTION
- Beds : 3
- Floor Size : 2,060 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
LOCATED IN THE HEART OF IT ALL! CLOSE TO EVERYTHING! MIN TO SHOPPING,RESTURANTS/BARS,FREEWAY ACCESS & SKY HARBOR. NEWLY REMODELED! 3 BD, 2 BA + OFFICE SPACE. LARGE LOT LIGHT AND BRIGHT WITH ALL THE UPGRADES.
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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 | $2,090 |
| EXPENSES | Loan Payment | -$1,976 |
| Property Tax | -$336 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$389
|
||
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.
$569,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.37%
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
$156,535
LOAN DETAILS
$1,976
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,250 |
| Loan Amount | $426,750 |
2.25
YEARS SAVED
$8,691
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
-
$2,106
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
4140 E Edgemont Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1953 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1953
- 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
-
3728 E Piccadilly Road Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1954
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.13
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173694
Last Updated: 01/31/2021
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.
