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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $323.07
- 2 Days on Market
- MLS # : 6178596
- Updated Date : 01/09/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,981 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Model perfect! No detail has been overlooked. The iron and glass front door welcomes you into this Pottery Barn inspired home. The kitchen features Gourmet GE Cafe Series stainless steel appliance package including gas range and counter depth french door refrigerator with built-in Keurig and Wifi! Upgraded cabinets with soft close, crown moulding and pot/pan drawers, Quartz countertops and designer backsplash. Plank tile flooring throughout the main rooms and upgraded carpet in the bedrooms. Owners suite is split from the other 2 bedrooms and there is also an open den/flex room as well as Plantation shutters throughout the home. The Great room features a 12 foot triple pane slider that extends the entertaining from the inside to the patio and easy care backyard.
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PRICE & RENT TRENDS
Neighborhood: Desert Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,750 |
| EXPENSES | Loan Payment | -$2,223 |
| Property Tax | -$403 | |
| Property Insurance | -$66 | |
| HOA | -$209 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$250
|
||
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.
$640,000
PROJECTED PRICE
$2,750
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.9% |
| 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
$175,350
LOAN DETAILS
$2,223
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $160,000 |
| Loan Amount | $480,000 |
3.17
YEARS SAVED
$16,335
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,750
LIST RENT -
$1.39
LIST RENT PER SQFT
-
$2,536
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
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4720 E Navigator Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,750
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22208 N 48th Street Phoenix, AZ 1
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LEASED 09/01/20- Rent
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- $2,200
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4212 E Williams Drive Phoenix, AZ 2
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LEASED 10/22/20- Rent
- Rent Per SQFT
- $2,400
- $1.31
-
4812 E Kirkland Road Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,595
- $1.30
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4632 E Via Montoya Drive Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,800
- $1.34
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178596
Last Updated: 01/09/2021
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.
