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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $162.38
- 3 Days on Market
- MLS # : 6189735
- Updated Date : 02/12/2021 at 16:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,632 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
Open and Inviting 3 bedroom 2.5 bath 1632 sq ft with PRE-PAID SOLAR! Newly landscaped backyard with pavers and turf grass. The main floor has gorgeous neutral tile with small accents. Kitchen open to the large living area and boasts a large pantry, gorgeous cabinets and SS appliances. The master bedroom welcomes you to relax and unwind with a full tub shower combo and large walk in close. Guess rooms also have a great open feel. Don't miss this fantastic home!
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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 | $1,330 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$157 | |
| Property Insurance | -$59 | |
| HOA | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$4
|
||
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.
$265,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.50%
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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
5.17
YEARS SAVED
$14,139
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,436
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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5333 W Warner Street Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3720 S 54th Glen Phoenix, AZ 2
- 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2008
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,349
- $0.89
-
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
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
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
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,600
- $0.89
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189735
Last Updated: 02/12/2021
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.
