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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $215.73
- 3 Days on Market
- MLS # : 6162785
- Updated Date : 11/21/2020 at 11:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,225 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
Vaulted ceilings, new modern flooring, and designer accents, create an appealing backdrop for modern living. With a fireplace and hidden wet bar, the family room will serve as your hub of activity. Tired of the cookie cutters? Check out this terrific home on a over-sized lot. Zip right down 7th Street to the hot-spots on restaurant row, downtown Phoenix, and central destinations beyond. The shade of the covered patio is perfect cover for outdoor activities. The over-sized lot is a blank slate, and is ready for you to build what you desire.
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PRICE & RENT TRENDS
Neighborhood: Camino Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camino Verde
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$286 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$237
|
||
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.
$480,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.5% |
| 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
$132,950
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $120,000 |
| Loan Amount | $360,000 |
3.17
YEARS SAVED
$14,479
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,041
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
501 E Caribbean Lane Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,990
- $0.89
-
911 E Sandra Terrace Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,000
- $0.92
-
101 W Kathleen Road Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979
LEASED 12/03/19- Rent
- Rent Per SQFT
- $2,095
- $0.89
-
15234 N 6th Street Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1978
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.93
-
16009 N 7th Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162785
Last Updated: 11/21/2020
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.
