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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $307.02
- 3 Days on Market
- MLS # : 6172974
- Updated Date : 12/18/2020 at 17:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,596 sqft
- Baths : 2 full
Listing Agent
Phantom Realty
Listing Agent's Description
Starry, Starry nights in a superb location with easy access to so much. Territorial/Santa Fe Style with stunning 360-degree views. The color palate of the exterior blends with the desert fauna and is very welcoming. Upon entering you will appreciate the crisp clean interior. Our seller has been continually improving this home since taking ownership. The new kitchen includes slab granite, new cabinetry, stainless appliances, an extension of the granite at the island to allow for a desirable breakfast bar. Seller has also made some architectural improvements and turned the interior into a true great room concept, curved arches, fresh interior paint, carpet, and some window coverings were recently added. ''See More''
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PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,808 |
| Property Tax | -$332 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$607
|
||
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.
$490,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$135,600
LOAN DETAILS
$1,808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,500 |
| Loan Amount | $367,500 |
0.42
YEARS SAVED
$610
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,644
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
48154 N 23rd Avenue New River, AZ 2
- 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $1.06
-
47657 N 29th Avenue New River, AZ 1
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1995
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
PROPERTY LISTING DETAILS
Phantom Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172974
Last Updated: 12/18/2020
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.
