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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $209.06
- 2 Days on Market
- MLS # : 6182016
- Updated Date : 01/16/2021 at 22:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,148 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautifully Remodeled Home w/wood ''look'' tile floors throughout, upgraded lighting/ceiling fans, trendy new palette, window blinds, & open floor plan. Stunning new kitchen features quartz counters, SS appliances, tile backsplash, & plenty of painted cabinets w/hardware. Patio access from dining area. Perfect home for entertaining. Den/office w/retro paneling. Generous size bedrooms, large closets, interior laundry room, & upscale baths w/designer tile, fixtures, & vanities. Extended covered patio, RV Gate, studio room attached to carport, & room for a pool! This wonderful home will not last! Take a tour today & stop renting!
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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 | $1,020 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$130 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
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.
$239,999
PROJECTED PRICE
$1,020
PROJECTED RENT
0.43%
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
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $179,999 |
3.58
YEARS SAVED
$7,751
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,020
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,071
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
4532 W Encanto Boulevard Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,148 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,020
- $0.89
-
4602 W Wilshire Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1982
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,075
- $0.98
-
5525 W Roanoke Avenue Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,325
- $0.92
-
5222 W Cypress Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,349
- $0.90
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182016
Last Updated: 01/16/2021
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.
