Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $168.75
- 3 Days on Market
- MLS # : 6165379
- Updated Date : 11/27/2020 at 15:23
CONSTRUCTION
- Beds : 4
- Floor Size : 3,846 sqft
- Baths : 4 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Welcome to the highly desired Desert Ridge Community! This lovely home is an entertainers dream with 2 Kitchens! The wet kit has granite c-tops, maple cabinetry, double ovens, gas range/hood & a huge pantry. The dry Kitchen has granite c-tops, a 3rd oven & a large island. There are 4 generous en-suite BR's w/walk in closets, wood shutters thru-out, new light fixtures, fiber optics thru-out for ultra high speed internet, & is energy efficient with owned solar panels! The family room has an extended sitting area, a gas fireplace and built in speakers. The M-Ste has a sitting area, walk in closet, private balcony and mountain views! The M-Bath has dual sinks and a jetted tub. The amazing backyard has a covered patio, garden beds, fruit trees, pergola and stamped concrete, set up for a BBQ
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Sierra Pass at Desert Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Pass at Desert Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,540 |
| EXPENSES | Loan Payment | -$2,395 |
| Property Tax | -$466 | |
| Property Insurance | -$102 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$473
|
||
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.
$649,000
PROJECTED PRICE
$3,540
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.7% |
| 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
$177,735
LOAN DETAILS
$2,395
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,250 |
| Loan Amount | $486,750 |
9.25
YEARS SAVED
$97,646
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,836
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
4428 E Robin Lane Phoenix, AZ 1
- 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3993 E Hummingbird Lane Phoenix, AZ 2
- 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004
LEASED 07/20/20- Rent
- Rent Per SQFT
- $3,450
- $0.91
-
22413 N 39th Terrace Phoenix, AZ 3
- 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,539 Sqft ∙ Built 2004
LEASED 04/15/20- Rent
- Rent Per SQFT
- $3,750
- $1.06
-
3962 E Morning Dove Trail Phoenix, AZ 4
- 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005
LEASED 10/14/19- Rent
- Rent Per SQFT
- $3,850
- $1.02
-
4621 E Walter Way Phoenix, AZ 5
- 5 beds 4 baths ∙ 3,943 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,943 Sqft ∙ Built 2017
LEASED 06/17/19- Rent
- Rent Per SQFT
- $3,950
- $1.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165379
Last Updated: 11/27/2020
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.
