Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $202.07
- 3 Days on Market
- MLS # : 6197694
- Updated Date : 02/26/2021 at 16:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,227 sqft
- Baths : 2 full
Listing Agent
Kenneth James Realty
Listing Agent's Description
Welcome to your new home nestled in the quaint Mountain Park Ranch community within one of AZ's most well kept cities, Awhatukee. Your new home has it all! 4 spacious bedrooms, soaring vaulted ceilings, N/S exposure, RV gate and a sparkling private pool! The sellers are the original owners and they have completed the following updates within the past 10 years; Master bathroom and bedroom remodel (2011), kitchen remodel (2013), Hall bath remodel (2013) & flooring (2013) and HVAC (2018). The community is out of a story book, lined with well kept landscaping, walking paths, parks, tennis courts, Pickle Ball Courts, pools for the kids, heated pool and spa and soo much more! Make time to view this home today w/ contracts in hand, because this home is guaranteed to sell fast!
SEE MORE
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 | $2,080 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$320 | |
| Property Insurance | -$71 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$23
|
||
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.
$450,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.46%
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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
5.5
YEARS SAVED
$26,929
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,344
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
4308 E Rock Wren Road Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $0
- $0.00
-
15039 S 40th Place Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 1993
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,195
- $0.98
-
15210 S 44th Place Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1992
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,300
- $0.99
-
4464 E Desert Wind Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1994
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,350
- $1.12
-
4213 E Cathedral Rock Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1994
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.12
PROPERTY LISTING DETAILS
Kenneth James Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197694
Last Updated: 02/26/2021
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.
