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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $481.79
- 3 Days on Market
- MLS # : 6190116
- Updated Date : 02/05/2021 at 03:11
CONSTRUCTION
- Beds : 2
- Floor Size : 851 sqft
- Baths : 1 full
Listing Agent
Phoenix Urban Spaces
Listing Agent's Description
Renovated in 85016! Located in an excellent location in the Biltmore corridor, this block constructed 2 bedroom home boasts NEW: LVT flooring throughout, Quartz counters, Stainless Appliances including Gas Stove, Disposal, Lighting, Ceiling Fans, Interior paint. A/C is 6 months old; Roof is 1 year old. The home is situated on a 10,000 SF Irrigated lot with plenty of room to expand. New partitioned fenced backyard offers excellent privacy. No HOA!
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PRICE & RENT TRENDS
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$295 | |
| Property Insurance | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$552
|
||
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.
$410,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.7% |
| 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
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
0.25
YEARS SAVED
$119
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
-
$1,155
COMP ESTIMATED VALUE -
$1.36
COMP AVG. RENT PER SQFT
Comps Range
-
4417 N 21st Street Phoenix, AZ 1
- 2 beds 1 baths ∙ 851 Sqft ∙ Built 1955 2 beds 1 baths ∙ 851 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1622 E Campbell Avenue #t Phoenix, AZ 2
- 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,100
- $1.29
-
2228 E Campbell Avenue #134 Phoenix, AZ 3
- 2 beds 2 baths ∙ 956 Sqft ∙ Built 1973 2 beds 2 baths ∙ 956 Sqft ∙ Built 1973
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,200
- $1.26
-
2019 E Turney Avenue #2r Phoenix, AZ 4
- 2 beds 1 baths ∙ 875 Sqft ∙ Built 1960 2 beds 1 baths ∙ 875 Sqft ∙ Built 1960
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,250
- $1.43
-
4401 N 21st Street #9 Phoenix, AZ 5
- 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1971 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1971
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,450
- $1.45
PROPERTY LISTING DETAILS
Phoenix Urban Spaces
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190116
Last Updated: 02/05/2021
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.
