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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $231.71
- 3 Days on Market
- MLS # : 6199876
- Updated Date : 02/27/2021 at 11:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,542 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Here's the single story, split floor plan home you have been waiting for in Ahwatukee! Mountain views front and back, pride of ownership shows with this GEM of a property. In 2018 many costly items were updated: 2 Trane 14 Seer HVAC units, House replumb with PEX piping, Pool/Spa filter, Variable speed pump, Pool heater, Propane tank, Hot water heater and stainless French-door refrigerator. 2020, a new BOSCH dishwasher! 4 bedrooms, (one is being used as an office) and 2 baths. The kitchen is a chef's dream, bright with natural light and expansive granite counters, stainless appliances, island and storage galore. Great flow into your family room with fireplace. Your covered patio, pool and heated spa await relaxing times, you will certainly enjoy the foothills mountain views.
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PRICE & RENT TRENDS
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Golf Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$2,046 |
| Property Tax | -$419 | |
| Property Insurance | -$77 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$136
|
||
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.
$589,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.0% |
| 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
$161,835
LOAN DETAILS
$2,046
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,250 |
| Loan Amount | $441,750 |
4.08
YEARS SAVED
$22,317
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
-
$2,695
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
516 E Silverwood Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,542 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,542 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $0
- $0.00
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626 W Mountain Vista Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.99
-
16837 S 11th Way Phoenix, AZ 3
- 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,616 Sqft ∙ Built 1998
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,595
- $0.99
-
15007 S 8th Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,775
- $1.06
-
1040 E Mountain Vista Drive Phoenix, AZ 5
- 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,250
- $1.20
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199876
Last Updated: 02/27/2021
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.
