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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $199.69
- 2 Days on Market
- MLS # : 6197118
- Updated Date : 02/20/2021 at 20:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,600 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
What an amazing opportunity to live in the popular Phoenix! This home features 3 bedrooms, 2 bath plus a living, dining, family room, 2 car garage and a low maintenance front yard. Take a look at these welcoming interiors with fresh paint & wood tile flooring throughout. The cozy family room comes with fireplace perfect for relaxing. Upgraded kitchen is ready for you to improve your culinary skills with all the essential appliances; shaker cabinets, solid surface counters, farmhouse sink and breakfast bar are more features worth mentioning. Inside the master suite is a private bath and walk-in closet for your belongings. Out the back is a covered patio with sun sail shade to protect you from the sun and a grass area perfect for pets or play. Book a showing today! Call now!
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PRICE & RENT TRENDS
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,110 |
| Property Tax | -$196 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$137
|
||
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.
$319,500
PROJECTED PRICE
$1,600
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.4% |
| 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
$90,418
LOAN DETAILS
$1,110
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,875 |
| Loan Amount | $239,625 |
7.75
YEARS SAVED
$32,435
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
-
$1,592
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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4420 W Shangri La Road Glendale, AZ 1
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- Rent Per SQFT
- $0
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4064 W Desert Cove Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.99
-
10843 N 45th Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,535
- $0.98
-
4616 W Saguaro Drive Glendale, AZ 4
- 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1973
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,595
- $1.00
-
10837 N 45th Lane Glendale, AZ 5
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1973
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,599
- $1.01
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197118
Last Updated: 02/20/2021
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.
