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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $184.51
- 3 Days on Market
- MLS # : 6188328
- Updated Date : 02/05/2021 at 17:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,653 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Welcome to your new 3 bedroom 2 bathroom home located in the beautiful Desert Valley Estates in Phoenix! Pulling up to your charming home you are greeted with a gorgeous gated front yard that includes a grass lawn, maintained shrubs, and excellent curb appeal that invites you in! Stepping into the home you will notice a double door entryway, a spacious floor plan, plush carpet and tile throughout, neutral-toned paint, and a cozy red brick fireplace to relax in front of at the end of your day. Your eat-in kitchen showcases ample cabinet space, a breakfast bar, stainless steel appliances, plenty of room for preparing home cooked meals, and sliding glass doors that take you to your very own Arizona room. Your spacious master bedroom features a walk-in closet with built in shelving, plush
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PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$192 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$170
|
||
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.
$305,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
8.5
YEARS SAVED
$34,945
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,694
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
519 W Sequoia Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,580
- $0.96
-
501 W Wescott Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1983
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.95
-
1343 W Wahalla Lane Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1990
LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
1302 W Kristal Way Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1978
LEASED 12/12/20- Rent
- Rent Per SQFT
- $1,645
- $1.08
-
19818 N 5th Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1979
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.07
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188328
Last Updated: 02/05/2021
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.
