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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $142.33
- 3 Days on Market
- MLS # : 6186358
- Updated Date : 02/06/2021 at 22:40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,178 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Welcome home to this beautiful Camelback Ranch 3 bedroom, den, 2.5 bath home! Immaculate, with pride of ownership, this home will not disappoint! Formal living room, family room, generous kitchen with island, cooktop stove, newer microwave, lots of cabinets, a separate dining area, and a breakfast bar for additional seating, walk in pantry. Plank flooring upstairs, spacious master bedroom with a walk in closet, complete with custom drawers and shelves, master bath features a garden tub and separate shower. Blinds and ceiling fans throughout. Easy care desert front landscaping. Backyard is complete with planter boxes, poured concrete slabs, perfect for entertaining. 2 car garage. Excellent location! Nothing to do except move in.
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PRICE & RENT TRENDS
Neighborhood: Camelback Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelback Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$192 | |
| Property Insurance | -$70 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$17
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$310,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
5.25
YEARS SAVED
$16,787
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,628
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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4917 N 111th Lane Phoenix, AZ 1
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- Rent Per SQFT
- $1,470
- $0.67
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LEASED 03/31/20- Rent
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- $1,566
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10937 W Minnezona Avenue Phoenix, AZ 3
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LEASED 11/21/20- Rent
- Rent Per SQFT
- $1,600
- $0.73
-
10950 W Pierson Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,645
- $0.79
-
10903 W W. Coolidge Street #10903 Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
LEASED 12/23/20- Rent
- Rent Per SQFT
- $1,700
- $0.77
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186358
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
