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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $155.80
- 4 Days on Market
- MLS # : 6162362
- Updated Date : 11/20/2020 at 12:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Clean home with 3 bedrooms and 2 baths.Large covered patio, RV gate , 1 car garage, all tile floors, and extra storage in the back!RV gate and plenty of slab parking.Tenant in the property on a month to month lease. Lease rate is $1350 / month and tenants would like to stay!
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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 | $990 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$129 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$86
|
||
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.
$215,000
PROJECTED PRICE
$990
PROJECTED RENT
0.46%
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
$62,725
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
3.67
YEARS SAVED
$8,460
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$990
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,087
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
5142 W Avalon Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958
- Rent
- Rent Per SQFT
- $990
- $0.72
-
3840 N 43rd Avenue #44 Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975
LEASED 06/01/19- Rent
- Rent Per SQFT
- $950
- $0.76
-
3823 N 48th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956
LEASED 05/31/19- Rent
- Rent Per SQFT
- $1,245
- $0.80
-
5826 W Campbell Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957
LEASED 06/15/19- Rent
- Rent Per SQFT
- $1,299
- $0.77
-
6241 W Wolf Street Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,345
- $0.82
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162362
Last Updated: 11/20/2020
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.
