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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $197.51
- 2 Days on Market
- MLS # : 6173122
- Updated Date : 12/19/2020 at 08:16
CONSTRUCTION
- Beds : 2
- Floor Size : 1,443 sqft
- Baths : 2 full
Listing Agent
Tukee Homes Realty Llc
Listing Agent's Description
55+ Ahwatukee Community. Light and bright home with good bones and low maintenance. Kitchen & family room have open floor plan with lots of natural light and access to the backyard. There's plenty of counter space, storage and bar seating in kitchen, a large master bedroom and 2nd bedroom with walk-in closet. This home is move-in ready (no popcorn ceilings) or you could update with your own personal preferences. New roof 2019.
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PRICE & RENT TRENDS
Neighborhood: Ahwatukee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ahwatukee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$203 | |
| Property Insurance | -$55 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$125
|
||
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.
$285,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.6% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
7.92
YEARS SAVED
$34,134
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,400
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
5015 E Magic Stone Drive Phoenix, AZ 1
- 2 beds 2 baths ∙ 1,443 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,443 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5203 E Half Moon Drive Phoenix, AZ 2
- 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983
![property image]()
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,295
- $1.01
-
4908 E Magic Stone Drive Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1977
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,375
- $0.90
-
4740 E Ahwatukee Drive Phoenix, AZ 4
- 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
![property image]()
LEASED 07/26/20- Rent
- Rent Per SQFT
- $1,400
- $0.95
-
11623 S Jokake Street Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975
![property image]()
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,600
- $1.02
PROPERTY LISTING DETAILS
Tukee Homes Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173122
Last Updated: 12/19/2020
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.
