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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $240.23
- 5 Days on Market
- MLS # : 6191162
- Updated Date : 02/14/2021 at 00:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,561 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Such a pretty home! Great location! A short distance to Desert Ridge, the 51 & loop 101, and so much more! Charming 3 bed 2 bath home has vaulted ceilings, soft color palette. Carpet & tile in all the right places. Open concept floor plan. The family room has a cozy wood-burning fireplace. Formal dining. The eat-in kitchen has a bay window dining area, white cabinets, granite slab countertops, black appliances, and pantry. All bedrooms have plush carpeting, ceiling fans, and walk-in closets. The primary bedroom has a private entrance, full bath and walk-in closet. The backyard has a Saltillo tiled patio, mature foliage, and low-maintenance landscaping. Inside laundry. Two car attached garage opens to kitchen.
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PRICE & RENT TRENDS
Neighborhood: Rosewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rosewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$236 | |
| Property Insurance | -$58 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$63
|
||
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.
$375,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
6.25
YEARS SAVED
$26,917
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,768
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
4343 E Morrow Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,760
- $1.13
-
4368 E Rosemonte Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2007
LEASED 02/23/20- Rent
- Rent Per SQFT
- $1,700
- $1.06
-
4238 E Morrow Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1990
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,700
- $1.09
-
18834 N 43rd Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1991
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,800
- $1.18
-
4375 E Morrow Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2007
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,925
- $1.20
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191162
Last Updated: 02/14/2021
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.
