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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $202.19
- 5 Days on Market
- MLS # : 6164804
- Updated Date : 11/27/2020 at 14:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,459 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Meticulously cared for. This comfortable single level 3 bedrooms 2 baths home is ready for you. AC replaced 11/2020. New roof in 2018 with 30 year warranty. Beautiful tile floors and neutral carpet. Vaulted ceilings. Skylights. Shutters in all windows. Kitchen with sunny breakfast room. Lots of cabinet and counter space. Spacious master bedroom with exit door to back yard. Master bath with walk in shower. Walk in closet and dual sinks .Garage with storage cabinets. Create your own Garden in this low maintenance back yard .The community has a club house with pool. Great neighbors and close to shopping and dining . Rec Center membership offers many other activities. Come take a look.
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PRICE & RENT TRENDS
Neighborhood: Ahwatukee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ahwatukee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$210 | |
| Property Insurance | -$56 | |
| HOA | -$212 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$95
|
||
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.
$295,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.6% |
| 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
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
3.58
YEARS SAVED
$10,915
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,791
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
4628 E Shomi Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,570
- $1.08
-
4617 E Lavender Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,750
- $1.14
-
5101 E Nambe Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1982
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,795
- $1.19
-
4718 E Goldfinch Gate Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1995
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,795
- $1.30
-
13418 S 47th Place Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1994
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,949
- $1.28
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164804
Last Updated: 11/27/2020
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.
