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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $144.20
- 4 Days on Market
- MLS # : 6175782
- Updated Date : 01/01/2021 at 20:07
CONSTRUCTION
- Beds : 4
- Floor Size : 1,803 sqft
- Baths : 3 full
Listing Agent
Occasio Realty
Listing Agent's Description
Come Checkout this Beautiful and Cozy 4 bedroom 3 bath property with a huge master bedroom and a huge walk in Closet. This home features a welcoming front elevation with stone accents and mature shade trees. HOA takes care of the front yard maintenance, making it easy for you to sit back and enjoy your home. The backyard is a clean slate and ready for your personal touch. Inside the home you will find a spacious bedroom and full bath downstairs that can be used for guests or as a mother- in-law option. The laundry room is conveniently upstairs equipped with both washer and dryer. White open spaced kitchen with huge pantry. Spacious two car garage in the rear of the home allows for a private entry to your home. This home is walking proximity to the community playground, perfect for the kids
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PRICE & RENT TRENDS
Neighborhood: Riverbend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Riverbend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$154 | |
| Property Insurance | -$62 | |
| HOA | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$246
|
||
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.
$260,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.5% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
10.17
YEARS SAVED
$44,914
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
-
$1,573
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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5213 W Illini Street Phoenix, AZ 1
- 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
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- $0
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3705 S 52nd Lane Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006
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LEASED 08/16/19- Rent
- Rent Per SQFT
- $1,295
- $0.86
-
5214 W Illini Street Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.85
-
5419 W Atlantis Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,550
- $0.89
-
5206 W Illini Street Phoenix, AZ 5
- 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
![property image]()
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,600
- $0.89
PROPERTY LISTING DETAILS
Occasio Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175782
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
