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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $235.48
- 3 Days on Market
- MLS # : 6184098
- Updated Date : 01/21/2021 at 23:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,187 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
WOW! Immerse yourself in nature, yet be within walking distance from shopping and just minutes from the airport in this extra large and private mountain preserve backyard featuring a private swimming pool with newer pump & filter within the highly desired Mountain Park Ranch neighborhood of Ahwatukee, AZ. This beautiful four bedroom, three bath home offers a spacious floorplan, plantation shutters, two car garage, newer flooring and granite countertops throughout and an energy efficient homeowner-OWNED SOLAR array. This quiet neighborhood is in close proximity to three community centers, Sun Ray Park and the highly-rated Kyrene School District. One full bath and bedroom is downstairs! The sunsets, OMG! Preserve lots do not come on the market very often, so don't let this one slip away!!!
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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 | $2,210 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$367 | |
| Property Insurance | -$70 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$119
|
||
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.
$515,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.43%
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
$142,225
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
4.08
YEARS SAVED
$19,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,389
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
4334 E Rocky Slope Drive Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,210
- $1.01
-
15210 S 44th Place Phoenix, AZ 2
- 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 3
- 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
-
14252 S 43rd Place Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1990
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,495
- $1.14
-
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
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184098
Last Updated: 01/21/2021
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.
