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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $165.78
- 4 Days on Market
- MLS # : 6194143
- Updated Date : 02/18/2021 at 08:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,508 sqft
- Baths : 1 full , 1 half
Listing Agent
Keller Williams Realty Sonoran Living
Listing Agent's Description
Huge Yard!!! Fantastic opportunity to own this Phoenix ranch style home situated on a premium cul-de-sac lot with tons of potential. Easy access to schools, parks, dining, shopping freeways and so much more. This gem features great curb appeal leading into the light and bright interior with tile flooring throughout and a fluid open floorplan. Charming kitchen boasts a plethora of white cabinetry and a breakfast bar. Spacious master retreat includes private en suite. The expansive low maintenance backyard with mature shade tree is perfect for pets and play. Do not miss out. Schedule your private showing today.
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,080 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$151 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$94
|
||
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.
$250,000
PROJECTED PRICE
$1,080
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
3.58
YEARS SAVED
$7,929
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
-
$1,161
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
5061 W Avalon Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,508 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3026 N 39th Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,275
- $0.81
-
2844 N 57th Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970
LEASED 12/23/20- Rent
- Rent Per SQFT
- $1,299
- $0.75
-
6020 W Pinchot Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,325
- $0.76
-
3330 N 64th Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,350
- $0.76
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194143
Last Updated: 02/18/2021
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.
