Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $212.67
- 2 Days on Market
- MLS # : 6176046
- Updated Date : 01/02/2021 at 00:03
CONSTRUCTION
- Beds : 2
- Floor Size : 1,034 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Want to wake up every day feeling like your on vacation at a 5 star resort? Then this beautiful upgraded 2 bedroom, 2 bathroom home is perfect for you! The gated community of Riverwalk has everything you need: HEATED pool and spa, fitness center/weight room, lakes with gorgeous fountains, and volleyball courts. The home is turn key with granite counter tops, shaker cabinets, crown molding, tile throughout with carpet in the bedrooms and living room, and all the appliances included. You'll be able to have your morning coffee on your private patio as it faces the sunrise and overlooks the lakes and manicured landscaping of your community. The location can't be beat: minutes from ASU, Sky Harbor Airport, Papago Park, the Phoenix Zoo, the Botanical Gardens, all the restaurants and shopping you
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Riverwalk Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Riverwalk Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$811 |
| Property Tax | -$130 | |
| Property Insurance | -$47 | |
| HOA | -$255 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$63
|
||
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.
$219,900
PROJECTED PRICE
$1,280
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.0% |
| 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
$64,024
LOAN DETAILS
$811
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,975 |
| Loan Amount | $164,925 |
3.58
YEARS SAVED
$8,139
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
-
$1,272
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
5345 E Van Buren Street #324 Phoenix, AZ 1
- 2 beds 2 baths ∙ 1,034 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,034 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5401 E Van Buren Street #3004 Phoenix, AZ 2
- 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,245
- $1.19
-
5345 E Van Buren Street #363 Phoenix, AZ 3
- 2 beds 2 baths ∙ 996 Sqft ∙ Built 1999 2 beds 2 baths ∙ 996 Sqft ∙ Built 1999
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,249
- $1.25
-
5401 E Van Buren Street #2074 Phoenix, AZ 4
- 2 beds 2 baths ∙ 995 Sqft ∙ Built 1999 2 beds 2 baths ∙ 995 Sqft ∙ Built 1999
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,250
- $1.26
-
5401 E Van Buren Street #3020 Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,275
- $1.22
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176046
Last Updated: 01/02/2021
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.
