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PROPERTY INFO
FACTS
- Single Family
- Built In 1949
- Price/Sqft : $221.52
- 4 Days on Market
- MLS # : 6167078
- Updated Date : 12/03/2020 at 10:19
CONSTRUCTION
- Beds : 4
- Floor Size : 1,557 sqft
- Baths : 2 full
Listing Agent
Petersen Realty
Listing Agent's Description
This is a rare opportunity a newly renovated home in a beautiful historical area. this home has all of the personal touches you are looking for. Some of the original hardware and doors have been kept to keep the charm and historic feel of the home, while at the same time adding updates throughout that is a perfect blend. Upon entry into a large size great room with beautiful 5-in baseboards. Open to a formal dining area and open style kitchen that features SS appliances including a gas stove a farm style sink dishwasher and refrigerator included as well as hard surface quartz counter-tops. Home features large master bedroom split floor plan with two walk-in closets and a gorgeous double sink vanity and upgraded tile shower. Home boasts 4 beds 2 baths, beautiful lot with work shop.
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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 | $1,400 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$182 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$211
|
||
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.
$344,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.41%
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
$97,149
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,225 |
| Loan Amount | $258,675 |
2.67
YEARS SAVED
$8,788
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,475
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4241 N 15th Drive Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1949 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 1949
- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
4544 N 15th Avenue Phoenix, AZ 1
- 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
Petersen Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167078
Last Updated: 12/03/2020
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.
