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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $293.18
- 4 Days on Market
- MLS # : 6170375
- Updated Date : 12/17/2020 at 15:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,876 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Single level 3 bed 2 bath home with a heated pool & spa! Very well maintained with a new AC. Prime location East of Tatum close to Desert Ridge Marketplace & the JW Mariot. 14' Ceilings, tile & hardwood flooring throughout. Over-sized great room. Chef's kitchen has 42'' dark mahogany cabinets, granite counters, upgraded Kitchen Aid stainless steel appliances, double ovens & a gas cooktop. Stone backsplash, kitchen island & breakfast nook. Double doors entering the owner's suite. Exit from owner's suite to backyard w/ a Huge walk-in closet, dual vanities & separate tub & shower. Resort-style backyard has low maintenance artificial turf, BBQ grill that is hooked up to gas line and an oversized covered patio. Other upgrades include a water softener and more.
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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 | $2,430 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$346 | |
| Property Insurance | -$64 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$115
|
||
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
$2,430
PROJECTED RENT
0.44%
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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
4.42
YEARS SAVED
$28,157
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$1.3
LIST RENT PER SQFT
-
$2,448
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
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4212 E Williams Drive Phoenix, AZ 1
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LEASED 10/22/20- Rent
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- $2,400
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- 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996
LEASED 08/01/20- Rent
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- $2,500
- $1.36
-
4508 E Adobe Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1996
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,550
- $1.25
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4812 E Kirkland Road Phoenix, AZ 5
- 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
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170375
Last Updated: 12/17/2020
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.
