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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $191.45
- 3 Days on Market
- MLS # : 6196265
- Updated Date : 02/19/2021 at 17:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,567 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Wonderful 3-bedroom 2.5 bath on large corner lot in the sought-after Northwest subdivision of Cactus Park. Bright spacious floorplan with open ceiling entrance. Tile in all the right places with carpet in the bedrooms. Kitchen wows with stainless steel appliances, granite countertops and vaulted ceiling. Family room off kitchen with cozy wood burning fireplace. The first-floor features two good sized bedrooms, full bathroom and a large spacious living/family room with sliding doors leading to the covered patio and oversized back yard. Second level master bedroom offers ample privacy; boasts walk-in closet and en-suite bathroom with dual vanity. Home exudes comfort, charm and character.
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PRICE & RENT TRENDS
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$179 | |
| Property Insurance | -$58 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$3
|
||
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.
$300,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.4% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
5.58
YEARS SAVED
$18,281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,477
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
4149 W Wethersfield Road Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,410
- $0.90
-
4011 W Wood Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,449
- $0.98
-
4138 W Sweetwater Avenue Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.91
-
4129 W Windrose Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
12414 N 44th Lane Glendale, AZ 5
- 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196265
Last Updated: 02/19/2021
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.
