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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $245.79
- 4 Days on Market
- MLS # : 6186902
- Updated Date : 01/31/2021 at 01:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,437 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful, well maintained single level home on corner lot in desired Tatum Highlands. Spacious kitchen with plenty of cabinets, granite counter tops, stainless steel appliances and large pantry. Fabulous landscape in both front and back of home. Private yard perfect for entertaining or relaxing with Pebble Tec pool and large covered patio. Four bedrooms plus bonus room. Newer AC unit and Tankless Water Heater. Conveniently located close to schools, shopping and restaurants.
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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 | $2,490 |
| EXPENSES | Loan Payment | -$2,081 |
| Property Tax | -$377 | |
| Property Insurance | -$75 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$153
|
||
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.
$599,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.42%
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
$164,485
LOAN DETAILS
$2,081
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
4
YEARS SAVED
$22,217
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,498
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
4358 E Briles Road Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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26422 N 42nd Street Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,250
- $0.95
-
26207 N 47th Place Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1998
![property image]()
LEASED 01/29/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
-
26634 N 45th Street Cave Creek, AZ 4
- 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $2,300
- $0.98
-
4715 E Chisum Trail Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1995
![property image]()
LEASED 01/13/21- Rent
- Rent Per SQFT
- $2,895
- $1.20
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186902
Last Updated: 01/31/2021
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.
