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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $256.89
- 2 Days on Market
- MLS # : 6160078
- Updated Date : 11/14/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,141 sqft
- Baths : 2 full
Listing Agent
Tru Realty
Listing Agent's Description
Welcome Home in time for the Holidays!!!Rare lot on the golf course in Village Fairways. Open kitchen with granite island and counters, stainless steel appliances, purified water, and a fabulous kitchen sink window. Wonderful VIEWS. Dual fireplace, formal dining area as well as living and family rooms with raised ceilings, and stone tile flooring throughout. 3 bedrooms, 2 bath, Split floor plan, master suite has walk in closet and walk out opening to back garden patio.Neat yard, several patio spaces including covered patio out sweeping glass doors to the back.Very walk-able and bike-able neighborhood in close proximity to shopping, restaurants, parks, and more.
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PRICE & RENT TRENDS
Neighborhood: Village Fairways
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village Fairways
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$285 | |
| Property Insurance | -$69 | |
| HOA | -$103 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$45
|
||
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.
$550,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
5.08
YEARS SAVED
$33,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$2,767
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
4618 E Cortez Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $2,540
- $1.19
-
4151 E Hancock Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1995
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,595
- $1.21
-
11048 N 42nd Place Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1975
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,695
- $1.28
-
5002 E Wethersfield Road Scottsdale, AZ 4
- 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 1983
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,900
- $1.25
-
11018 N 45th Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1973
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $3,000
- $1.43
PROPERTY LISTING DETAILS
Tru Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160078
Last Updated: 11/14/2020
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.
