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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $119.24
- 3 Days on Market
- MLS # : 6181508
- Updated Date : 01/15/2021 at 19:28
CONSTRUCTION
- Beds : 4
- Floor Size : 1,928 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Great opportunity to own a single level 4 bed home with NO HOA in Phoenix!! Additional workshop/storage space available in the back. Nearly 2,000 square feet of living space including a fully enclosed Arizona room, formal dining room and huge great room! Eat-in kitchen provides lots of cabinet & counter space, built-in pantry space plus all appliances stay! 4 great bedrooms including an owners suite with private bath. Huge 2 car garage with vaulted ceilings, built-in cabinets and workbench. Seller replaced the roof in 2012. Fully fenced in private yard! Located minutes from downtown with easy access to both the 10 & 17 freeways.
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$138 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$299
|
||
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.
$229,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$66,674
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
12
YEARS SAVED
$43,032
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,433
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
4825 W Flower Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1958
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2844 N 57th Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970
![property image]()
LEASED 12/23/20- Rent
- Rent Per SQFT
- $1,299
- $0.75
-
6020 W Pinchot Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
![property image]()
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,325
- $0.76
-
2925 N 47th Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1961
![property image]()
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,495
- $0.72
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181508
Last Updated: 01/15/2021
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.
