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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $231.99
- 2 Days on Market
- MLS # : 6165598
- Updated Date : 11/28/2020 at 16:57
CONSTRUCTION
- Beds : 3
- Floor Size : 2,151 sqft
- Baths : 2 full
Listing Agent
Sterling Fine Properties
Listing Agent's Description
Most desirable floorplan in Tatum Highlands; split bedrooms, formal entry; den/office near front entry; complete remodel done in approx. 2010 with travertine floors and granite counters; recent updates incl: new roof (underlayment) and exterior paint in 2017; refinished cabinets and doors on kitchen and master cabinets in 2018; new a/c system (both condenser and attic heat pump) and irrigation lines in 2019; new pool motor, pop ups and auto leveler in 2020; has beautiful, oversize backyard with pool, spa and grassy area; lots of palm trees; home has shutters on all windows; electric roller blinds on FR covered patio; security system, security screen door and soft water thru out; complete termite treatment in Nov 2020; home is clean/move-in ready; Close to Desert Ridge Market Place and 101
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PRICE & RENT TRENDS
Neighborhood: Tatum Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tatum Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$314 | |
| Property Insurance | -$69 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$45
|
||
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.
$499,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.9% |
| 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
$137,985
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
5.08
YEARS SAVED
$30,578
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,549
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
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26011 N 41st Street Phoenix, AZ 1
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- $2,495
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26001 N 41st Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,550
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25836 N 43rd Place Phoenix, AZ 5
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,700
- $1.26
PROPERTY LISTING DETAILS
Sterling Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165598
Last Updated: 11/28/2020
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.
