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PROPERTY INFO
FACTS
- Single Family
- Built In 1930
- Price/Sqft : $284.22
- 2 Days on Market
- MLS # : 6197081
- Updated Date : 02/21/2021 at 03:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,407 sqft
- Baths : 1 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
FIRST TIME ON THE MARKET IN 90 YEARS! 4th generation home in the heart of Willo! PERFECT rehab project on one of Willo's most beautiful streets!! Estate Sale.. Property sold in as-is condition. Seller to do no repairs. Beautiful ''old school'' wood floors, 3 bedrooms, BASEMENT, detached 2 car garage perfect for a possible GUEST HOUSE??. So much potential and upside on this home!! THIS IS THE ONE!!
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PRICE & RENT TRENDS
Neighborhood: Willo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$293 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$106
|
||
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.
$399,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.8% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
3.92
YEARS SAVED
$14,344
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,801
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
530 W Cypress Street Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1930
- Rent
- Rent Per SQFT
- $1,730
- $1.23
-
550 W Cambridge Avenue Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,575
- $1.12
-
535 W Cambridge Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1948
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,895
- $1.37
-
1622 W Willetta Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1936 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1936
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,950
- $1.30
-
2006 N 17th Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1946
LEASED 05/07/20- Rent
- Rent Per SQFT
- $2,000
- $1.33
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197081
Last Updated: 02/21/2021
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.
