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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $151.54
- 2 Days on Market
- MLS # : 6203493
- Updated Date : 03/06/2021 at 20:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,435 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Welcome home! An incredible two-story house is waiting just for you in desirable Phoenix. This cul-de-sac property is ready for new owners, it offers an easy care desert front landscaping and RV gate. Inside you'll find 4 spacious bedrooms, designer paint throughout, a den great for an office, and a cozy loft perfect for fun & entertainment. You'll absolutely love this well maintained eat-in kitchen offering see-through cabinets, plenty counter space, and sparkling clean appliances. The master bedroom includes a bathroom with two walk-in closets, step-in shower, dual sinks, and a separate tub ready to enjoy. This home is complete with a laundry room. Step outside to see a grassy backyard with covered patio, pavers, storage shed, and so much space great for your gatherings. Call today.
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PRICE & RENT TRENDS
Neighborhood: Terracita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terracita
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,282 |
| Property Tax | -$228 | |
| Property Insurance | -$75 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$99
|
||
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.
$369,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.5% |
| 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
$103,535
LOAN DETAILS
$1,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,250 |
| Loan Amount | $276,750 |
4.08
YEARS SAVED
$13,929
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
-
$1,771
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
4616 N 94th Lane Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4811 N 93rd Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,499
- $0.69
-
9328 W Pasadena Avenue Glendale, AZ 3
- 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.77
-
10217 W Georgia Avenue Glendale, AZ 4
- 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,649
- $0.76
-
4810 N 95th Drive Phoenix, AZ 5
- 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,850
- $0.69
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203493
Last Updated: 03/06/2021
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.
