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PROPERTY INFO
FACTS
- Single Family
- Built In 1948
- Price/Sqft : $209.07
- 5 Days on Market
- MLS # : 6186312
- Updated Date : 01/29/2021 at 00:57
CONSTRUCTION
- Beds : 4
- Floor Size : 1,698 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Your search for home is here! This charming 4 bedroom home has been well maintained and is ready for it's newest owner to call it their own! Featuring tile flooring throughout the main living and quality laminate in the bedrooms, an updated kitchen with sleek cabinetry, modern hardware, classic tile backsplash and stainless steel appliances. Huge backyard! Oversized concrete patio, RV gate with plenty of room to store your motorized toys and turn this into the backyard of your dreams! No HOA! Convenient access to all major freeways so you can get to any big shopping center, sports arena, concert venues, or hiking trails! This is one you won't want to miss!
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PRICE & RENT TRENDS
Neighborhood: Bel Air
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bel Air
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$187 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$19
|
||
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.
$355,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 12.3% |
| 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
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
5.33
YEARS SAVED
$19,921
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
-
$1,609
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4224 N 15th Avenue Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,698 Sqft ∙ Built 1948
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4544 N 15th Avenue Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,397
- $0.88
-
1577 W Hazelwood Street Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.95
-
1716 W Devonshire Avenue Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,550
- $0.92
-
4508 N 15th Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1965
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186312
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.
