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PROPERTY INFO
FACTS
- Single Family
- Built In 1951
- Price/Sqft : $289.22
- 3 Days on Market
- MLS # : 6175451
- Updated Date : 01/08/2021 at 22:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,262 sqft
- Baths : 1 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Stylish 3 bedroom, 1.5 bathroom home in the heart of Central Phoenix! You'll be charmed by the beautiful curb appeal starting with the landscaping, mature elm trees, 21 species of edible landscaping (listed below), and side patio with artificial grass and paver patio off the master bedroom. The interior has a foyer with trim molding, plenty of storage space, ceiling fans in the bedrooms, dual pane windows, three French doors, a Nest thermostat, a Ring doorbell, and two Ring security camera floodlights. The industrial style kitchen has concrete floors, a built-in dining bench, maple cabinetry, and stainless appliances. The gorgeous backyard has a swimming pool, workshop, garden area, and irrigation in both the front and back yard... (cont.)
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PRICE & RENT TRENDS
Neighborhood: Park View Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Park View Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$192 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$171
|
||
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.
$365,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 11.0% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
3.33
YEARS SAVED
$10,166
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,366
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
4525 N 10th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1951
- Rent
- Rent Per SQFT
- $1,440
- $1.14
-
1110 W Turney Avenue Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1947
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,350
- $1.02
-
208 W Glenrosa Avenue Phoenix, AZ 2
- 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,400
- $1.12
-
4537 N 15th Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1952
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,499
- $1.15
-
1501 W Hazelwood Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1965
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.04
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175451
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
