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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $122.63
- 1 Days on Market
- MLS # : 6191079
- Updated Date : 02/07/2021 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,112 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Welcome Home! This 4bed/2bath, 2,100+sq/ft home is the perfect place to make your own with enough room for the whole family! Highly sought after cul-de-sac lot make it safer for your kids to play. Open concept floorplan with a wood burning fireplace keep you warm on those cool winter nights. Kitchen boasts stainless steel appliances, recessed lights and RO system. Family room plus an extra bonus room to make your entertaining easy. Large backyard includes fruit trees and plenty of room to plant a garden. Beautiful custom gazebo covers the above ground spa. RV gates with extra parking for boats and all of your toys. No HOA. Don't miss out on this incredible opportunity! This one won't last long!
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PRICE & RENT TRENDS
Neighborhood: Encanto Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encanto Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,200 |
| EXPENSES | Loan Payment | -$900 |
| Property Tax | -$140 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$7
|
||
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.
$259,000
PROJECTED PRICE
$1,200
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$74,385
LOAN DETAILS
$900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
5.42
YEARS SAVED
$14,868
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
-
$1,225
COMP ESTIMATED VALUE -
$0.58
COMP AVG. RENT PER SQFT
Comps Range
-
4509 W Wilshire Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5418 W Monte Vista Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1973
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,025
- $0.58
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191079
Last Updated: 02/07/2021
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.
