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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $380.04
- 2 Days on Market
- MLS # : 6206754
- Updated Date : 03/14/2021 at 03:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,092 sqft
- Baths : 1 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
ENJOY THE WARM AMBIANCE OF THE CENTRAL CORRIDOR CLOSE TO RESTAURANTS AND ENTERTAINMENT. THIS PROPERTY IS LOCATED IN A GREAT SCHOOL DISTRICT. NEWLY REMODELED HOME OFFERS A BEAUTIFUL OPEN FLOOR PLAN WITH AN UPDATED KITCHEN FIXTURES, APPLIANCES, AND QUARTZ COUNTERS, NEW INTERIOR AND EXTERIOR PAINT, WOOD LIKE TILE EVERYWHERE. BEAUTIFUL GREEN LANDSCAPE. WALKING DISTANCE TO THE CANEL AND MOUNTAIN VIEWS.
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PRICE & RENT TRENDS
Neighborhood: Cactilone Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cactilone Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$248 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$477
|
||
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.
$415,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| 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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
0.42
YEARS SAVED
$573
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$1.25
LIST RENT PER SQFT
-
$1,365
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
501 E El Camino Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1954
![property image]()
- Rent
- Rent Per SQFT
- $1,360
- $1.25
-
8821 N 4th Street Phoenix, AZ 1
- 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,150
- $1.21
-
1228 E Lawrence Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 1973
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,295
- $1.27
-
8111 N 11th Street Phoenix, AZ 4
- 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1950
![property image]()
LEASED 10/18/20- Rent
- Rent Per SQFT
- $1,400
- $1.15
-
206 E Butler Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1957
![property image]()
LEASED 12/16/20- Rent
- Rent Per SQFT
- $1,500
- $1.37
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206754
Last Updated: 03/14/2021
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.
