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PROPERTY INFO
FACTS
- Single Family
- Built In 1945
- Price/Sqft : $347.14
- 43 Days on Market
- MLS # : 6135183
- Updated Date : 11/21/2020 at 17:54
CONSTRUCTION
- Beds : 4
- Floor Size : 1,714 sqft
- Baths : 3 full
Listing Agent
Arizona Lifestyle Realty
Listing Agent's Description
GREAT HOUSE IN THE WILLO HISTORIC DISTRICT! Restoring original finished concrete floors in large living room w/crown molding, formal dining room w/built in niches. Original casement windows.Family room w/Travertine floors & French doors going into a nice covered patio & backyard. Vantage bathroom w/Teal color in great condition-separated shower & tub. Replaced sewer line w/permit.Detached Casita w/kitchenette, bathroom and central A/C.
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PRICE & RENT TRENDS
Neighborhood: Wilshire Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wilshire Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$2,195 |
| Property Tax | -$318 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$782
|
||
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.
$595,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| 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
$163,425
LOAN DETAILS
$2,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
0.33
YEARS SAVED
$429
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
-
$1,928
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
505 W Virginia Avenue Phoenix, AZ 1
- 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1945 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 1945
- Rent
- Rent Per SQFT
- $0
- $0.00
-
70 E Ashland Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1940
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,750
- $1.06
-
351 E Thomas Road #d101 Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1960
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,795
- $1.11
-
437 W Mulberry Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1955
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,890
- $1.07
-
1609 W Vernon Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1940
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.26
PROPERTY LISTING DETAILS
Arizona Lifestyle Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6135183
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.
