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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $213.29
- 2 Days on Market
- MLS # : 6206807
- Updated Date : 03/13/2021 at 20:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,227 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Excellent opportunity to own this 4bed/2bath home available in the desirable amenity rich Mountain Park Ranch community. This gem features great curb appeal with 3 car garage leading into the flowing floorplan. Formal living and dining and a spacious open concept family room enhanced with soaring vaulted ceilings and a charming fireplace. Kitchen boasts stainless steel appliances, white cabinetry and a center island with breakfast bar seating, making it ideal for gathering with friends and family. Light filled master retreat is complete with dual vanities and a walk in closet. Separate tub/shower. The amazing outdoor entertaining area is complete with a covered patio, built in BBQ and a sparkling pool. It's the perfect spot to relax and enjoy Arizona outdoors. Do not miss out. See it today
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PRICE & RENT TRENDS
Neighborhood: Mountain Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Park Ranch
* 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 | -$1,650 |
| Property Tax | -$338 | |
| Property Insurance | -$71 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2
|
||
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.
$475,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
5.25
YEARS SAVED
$26,300
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
-
$2,433
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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4307 E White Aster Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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15010 S 40th Place Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,995
- $0.97
-
4464 E Desert Wind Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1994
![property image]()
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,350
- $1.12
-
4244 E White Aster Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1993
![property image]()
LEASED 03/05/21- Rent
- Rent Per SQFT
- $2,400
- $1.11
-
15210 S 42nd Street Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 1993
![property image]()
LEASED 11/27/20- Rent
- Rent Per SQFT
- $2,465
- $1.17
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206807
Last Updated: 03/13/2021
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.
