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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $287.26
- 2 Days on Market
- MLS # : 6160540
- Updated Date : 11/13/2020 at 22:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,845 sqft
- Baths : 2 full , 1 half
Listing Agent
Rei Marketing
Listing Agent's Description
Brand rand new bespoke townhome community within the sought-after Biltmore neighborhood. Each home boasts contemporary architecture and efficient design across two levels of living. Modern 3 bed 2.5 bath private residences with open floor plans, 10 ft ceilings, private outdoor spaces, energy efficient design elements and appliances, attached 2 car garages, luxurious master suites with en-suite baths, and a dedicated work from home space plus much more. ***EXTERIOR CORNER UNIT WITH LARGE ENTRY WINDOW AND INCLUDES OUTDOOR DECK UPGRADE ($4K VALUE)***
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PRICE & RENT TRENDS
Neighborhood: Sharondale South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sharondale South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$381 | |
| Property Insurance | -$63 | |
| HOA | -$197 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$536
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$530,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$142,450
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,500 |
| Loan Amount | $397,500 |
1
YEARS SAVED
$2,507
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
-
$2,532
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
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4222 N 21st Street #8 Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $0
- $0.00
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4230 N 21st Street #2 Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,886 Sqft ∙ Built 2006
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.17
-
4216 N 27th Street #105 Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2005
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,450
- $1.46
-
4444 N 25th Street #40 Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,698
- $1.39
-
4438 N 27th Street #13 Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2017
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,950
- $1.47
PROPERTY LISTING DETAILS
Rei Marketing
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160540
Last Updated: 11/13/2020
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.
