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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $231.77
- 2 Days on Market
- MLS # : 6173183
- Updated Date : 12/19/2020 at 23:28
CONSTRUCTION
- Beds : 2
- Floor Size : 1,618 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Lovely home in Turtle Creek that has been updated and remodeled. see supplementfor amenities. Third Bedroom converted to DEN with built in shelves and file cabinets.Second Bedroom has its' own entrance and patio. very little yard maintenance.FYI: Haven't received fee info from AAM Mgemt. or HOA re: transfer fee & disclosure fee construction: assessor only shows 'stucco''
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PRICE & RENT TRENDS
Neighborhood: Turtle Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Turtle Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$224 | |
| Property Insurance | -$59 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$184
|
||
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.
$375,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.17
YEARS SAVED
$11,287
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
-
$1,646
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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429 W Kings Avenue Phoenix, AZ 1
- 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,618 Sqft ∙ Built 1984
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- Rent
- Rent Per SQFT
- $0
- $0.00
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18 E Coral Gables Drive Phoenix, AZ 2
- 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1986
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LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,400
- $1.04
-
15447 N 1st Place Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,400
- $1.04
-
317 W Sumerset Drive Phoenix, AZ 4
- 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1986
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.97
-
220 W Bluefield Avenue Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,623 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,623 Sqft ∙ Built 1983
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,650
- $1.02
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173183
Last Updated: 12/19/2020
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.
