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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $433.02
- 4 Days on Market
- MLS # : 6189476
- Updated Date : 02/04/2021 at 22:28
CONSTRUCTION
- Beds : 4
- Floor Size : 3,695 sqft
- Baths : 4 full
Listing Agent
Realty Executives
Listing Agent's Description
Hurry to see this lovingly maintained, beautifully customized home on a spectacular lot in Arcadia Estates, a gated enclave of 41 homes! Fantastic single-level design has soaring 12' ceilings & four spacious bedrooms, each with ensuite bath. Remodeled kitchen with loads of cabinetry, Viking Professional Series gas range, built-in freezers & fridge, and a breakfast room with sliding glass wall open to BBQ island. Large rooms thru-out including huge master suite with gorgeous updated bath & a closet to die for! Blonde Swedish hardwood floors. Premium lot has Camelback views from the front; large rear yard with heated pool & spa backs to private community park with walking path & gate to the Arizona Canal bank. Walk over the bridge to OHSO! You can't beat the location & quality for the price!
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PRICE & RENT TRENDS
Neighborhood: Arcadia Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arcadia Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,730 |
| EXPENSES | Loan Payment | -$5,557 |
| Property Tax | -$828 | |
| Property Insurance | -$99 | |
| HOA | -$275 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2,129
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$1,600,000
PROJECTED PRICE
$4,730
PROJECTED RENT
0.30%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 8.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$429,750
LOAN DETAILS
$5,557
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $400,000 |
| Loan Amount | $1,200,000 |
0.17
YEARS SAVED
$187
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,804
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
4935 E Calle Ventura -- Phoenix, AZ 1
- 4 beds 4 baths ∙ 3,695 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,695 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6027 E Carnation Circle Phoenix, AZ 2
- 4 beds 4 baths ∙ 3,713 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,713 Sqft ∙ Built 2016
LEASED 06/19/20- Rent
- Rent Per SQFT
- $4,250
- $1.14
-
4431 N 36th Place Phoenix, AZ 3
- 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000
LEASED 05/01/20- Rent
- Rent Per SQFT
- $5,000
- $1.46
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189476
Last Updated: 02/04/2021
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.
