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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $159.57
- 3 Days on Market
- MLS # : 6164201
- Updated Date : 11/27/2020 at 12:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,410 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Stylish 3 bedroom, 2.5 Bath, 2 Car Garage in Prime Location near 202 Freeway Access, shopping, parks, schools and walking paths. Spacious and Open Kitchen, Dining and great room area. 3 Bedrooms, 2 Full Bathrooms and Laundry Upstairs. Master Suite with full bath and walk-in closet. Newer AC unit (2019). A sliding door leads to a courtyard style backyard. HOA maintains front landscaping. Kids Playground and Ramada with BBQ a short walk away. You'll love this 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 | $1,120 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$133 | |
| Property Insurance | -$55 | |
| HOA | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$96
|
||
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.
$225,000
PROJECTED PRICE
$1,120
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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
3.33
YEARS SAVED
$7,368
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
-
$1,237
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/03/20- Rent
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- $1,290
- $0.87
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3705 S 52nd Lane Phoenix, AZ 3
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LEASED 08/16/19- Rent
- Rent Per SQFT
- $1,295
- $0.86
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3720 S 54th Glen Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2008
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LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,349
- $0.89
-
5419 W Atlantis Avenue Phoenix, AZ 5
- 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
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164201
Last Updated: 11/27/2020
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.
