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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $242.20
- 2 Days on Market
- MLS # : 6168087
- Updated Date : 12/04/2020 at 21:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,858 sqft
- Baths : 2 full
Listing Agent
Eclat Real Estate
Listing Agent's Description
Delightfully versatile home would suit a myriad of home buyers, spaces in this home can be used so many ways. Statement fireplace-great focal point that draws you into an open great room--that is until you see thru the French doors to the inviting jacuzzi & sparkling pool! Beautiful kitchen set up for functionality w/ breakfast room begging you to enjoy a cup of tea before day begins. Dbl doors lead into large master suite. Vaulted ceilings, fans, & light painted walls keep the house feeling cool in summer. Large tile/beautiful wood floors-simplicity of maintenance. Stylish bathrooms & new fixtures pull it all together. Low mntnc, mature desert landscaping/enjoyable patio. Block wall privacy/Garage storage/Minutes to Desert Ridge & Kierland. Well built/well maintained sells fast-HURRY!
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PRICE & RENT TRENDS
Neighborhood: Royal Estates East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Royal Estates East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$283 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$286
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$450,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
2.5
YEARS SAVED
$10,684
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,853
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
4345 E Blanche Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,820
- $0.98
-
3947 E Nisbet Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979
LEASED 05/03/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
14801 N 37th Place Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972
LEASED 11/28/20- Rent
- Rent Per SQFT
- $1,845
- $1.00
-
15601 N 48th Place Scottsdale, AZ 4
- 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1979
LEASED 12/18/19- Rent
- Rent Per SQFT
- $2,050
- $1.00
-
16014 N 41st Place Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1983
LEASED 12/28/19- Rent
- Rent Per SQFT
- $2,200
- $1.07
PROPERTY LISTING DETAILS
Eclat Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168087
Last Updated: 12/04/2020
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.
