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 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!
SEE MORE
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
-
4320 E Calle Redonda -- Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,716 Sqft ∙ Built 1957 3 beds 2 baths ∙ 2,716 Sqft ∙ Built 1957
![property image]()
- Rent
- Rent Per SQFT
- $3,050
- $1.12
-
4601 E Exeter Boulevard Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 1963
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.27
-
4540 E Heatherbrae Drive Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,750
- $1.37
-
4343 E Stanford Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960
![property image]()
LEASED 10/29/19- Rent
- Rent Per SQFT
- $3,800
- $1.46
-
5301 N 43rd Place Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $4,300
- $1.58
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.
