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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $169.50
- 2 Days on Market
- MLS # : 6197121
- Updated Date : 02/21/2021 at 01:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,177 sqft
- Baths : 1 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Great opportunity to own your own home or investment property. 3 bedroom 2 bath block home. Large family room with laminate wood floor. Kitchen is open to the family room. Freshly painted. Large covered patio. 2 RV gates. Easy care desert landscape front and back. . Block fence in back yard. Front yard fenced with block and iron. Extended concrete slab and cover for additional parking. Well taken care of home: EVAP replaced- 4 yrs old , A/C & Roof 10 years ago, flooring updated 2019 & 2021. Bathrooms updated 2021. All appliances included. Super clean, move-in ready! NO HOA.
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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 | $850 |
| EXPENSES | Loan Payment | -$693 |
| Property Tax | -$109 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$102
|
||
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.
$199,500
PROJECTED PRICE
$850
PROJECTED RENT
0.43%
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
$58,618
LOAN DETAILS
$693
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,875 |
| Loan Amount | $149,625 |
3.17
YEARS SAVED
$4,990
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
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COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
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4211 N 51st Avenue Phoenix, AZ
- 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,177 Sqft ∙ Built 1954
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197121
Last Updated: 02/21/2021
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.
