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PRICE & RENT TRENDS
Neighborhood: Merit Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Merit Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$198 | |
| Property Insurance | -$58 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$183
|
||
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.
$315,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.9% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
8.5
YEARS SAVED
$36,300
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
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$1,682
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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437 E Wescott Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
513 E Wescott Drive Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1987
![property image]()
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,695
- $1.02
-
510 E Rimrock Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1988
![property image]()
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.11
-
437 E Utopia Road Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1985
![property image]()
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,780
- $1.07
-
526 E Utopia Road Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987
![property image]()
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,845
- $1.10
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6209971
Last Updated: 03/20/2021
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.
