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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $254.29
- 2 Days on Market
- MLS # : 6172837
- Updated Date : 12/18/2020 at 20:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,632 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Wow this is the home, picture perfect with true pride of ownership shown by original owners, completely upgraded and move in ready. Great floor plan with large kitchen with tons of counter space and island, upgraded cabinets, gorgeous granite counter tops, and newer upgraded appliances. Wonderful flooring throughout the home, tile in all the right places, distressed wood in master bedroom and secondary bedroom. So many upgrades like ornate door nobs on all interior doors (see picture), master bathroom has huge tiled walk-in shower and newer exquisite vanity with quartz counter tops and upgraded faucets, secondary bath has newer vanity and faucet, third bedroom has wood built in shelves and murphy bed. Now the backyard, refreshing pool was recently refinished and extended patio.
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PRICE & RENT TRENDS
Neighborhood: Crimson Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crimson Ridge
* 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 | -$1,531 |
| Property Tax | -$295 | |
| Property Insurance | -$59 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$321
|
||
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.
$415,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.3% |
| 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
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
1.67
YEARS SAVED
$5,455
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,750
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
4524 E Badger Way Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $1,670
- $1.02
-
4429 E Desert Wind Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,780
- $1.01
-
4504 E Badger Way Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994
![property image]()
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,875
- $1.04
-
4432 E Badger Way Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,900
- $1.06
-
14446 S 44th Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1994
![property image]()
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,925
- $1.18
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172837
Last Updated: 12/18/2020
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.
