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PROPERTY INFO
FACTS
- Single Family
- Built In 1957
- Price/Sqft : $367.82
- 9 Days on Market
- MLS # : 6163377
- Updated Date : 11/27/2020 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,716 sqft
- Baths : 2 full
Listing Agent
North & Co
Listing Agent's Description
A rare find these days - Arcadia area - Hopi school district - a stones throw from The Henry - Flower Child - Steak 44, AJ's - Urbana - LGO - Ingo's .... all the things! Tucked away on a north facing lot with striking views of camelback mountain, this charming ranch home features spacious living spaces perfect for entertaining in a neighborhood highly coveted by families and investors alike. Wood flooring throughout / custom cabinetry / gas fireplace - indoor and out / custom BBQ perfect for outdoor dining and plenty of room for a pool (unless you want to take a short walk the The Village). Complete master bedroom addition in 2017 and new roof installed March 2020. Hurry - this is a winner!
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PRICE & RENT TRENDS
Neighborhood: Regents Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Regents Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,050 |
EXPENSES | Loan Payment | -$3,686 |
Property Tax | -$517 | |
Property Insurance | -$80 | |
Property Management Fees | -$99 | |
CASH FLOW
-$1,332
|
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.
$999,000
PROJECTED PRICE
$3,050
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 8.5% |
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
$270,485
LOAN DETAILS
$3,686
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $249,750 |
Loan Amount | $749,250 |
0.25
YEARS SAVED
$548
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,050
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$3,857
COMP ESTIMATED VALUE -
$1.42
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163377
Last Updated: 11/27/2020

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.