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PROPERTY INFO
FACTS
- Single Family
- Built In 1957
- Price/Sqft : $148.12
- 2 Days on Market
- MLS # : 6173027
- Updated Date : 12/18/2020 at 18:48
CONSTRUCTION
- Beds : 4
- Floor Size : 1,519 sqft
- Baths : 1 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Charming 4 bedroom single level home in Maryvale Terrace. Lush front yard welcomes you home. New roof and a/c in 2019. Convenient location with plenty of amenities nearby. Won't last, come make this your own!
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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 | $1,140 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$136 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$19
|
||
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.
$225,000
PROJECTED PRICE
$1,140
PROJECTED RENT
0.51%
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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
6.08
YEARS SAVED
$18,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,140
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,211
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
4915 W Crittenden Lane Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1957
![property image]()
- Rent
- Rent Per SQFT
- $1,140
- $0.75
-
3725 W Meadowbrook Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,199
- $0.80
-
3026 N 39th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,275
- $0.81
-
6020 W Pinchot Avenue Phoenix, AZ 4
- 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
-
2028 N 38th Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954
![property image]()
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,350
- $0.82
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173027
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.
