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PROPERTY INFO
FACTS
- Single Family
- Built In 1948
- Price/Sqft : $234.85
- 2 Days on Market
- MLS # : 6196926
- Updated Date : 02/20/2021 at 03:29
CONSTRUCTION
- Beds : 4
- Floor Size : 1,703 sqft
- Baths : 2 full
Listing Agent
Gentry Real Estate
Listing Agent's Description
Check out this completely remodeled home in Uptown Phoenix! After a top to bottom remodel, this modern home is ready for immediate move-in. The roof was replaced in 2019 and all major systems are newer as well. Included in the open floor plan is a large bonus room with a fireplace, which is a perfect home office or workout room! Not included in the square footage is the almost 180 square foot laundry room. That would bring the total square footage to almost 1900!Access to the house is easy through the motorized, private gate in the alley. For under $400k, this home is a steal!
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PRICE & RENT TRENDS
Neighborhood: Tangerine Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tangerine Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$287 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$254
|
||
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.
$399,945
PROJECTED PRICE
$2,090
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| 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
$111,735
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,986 |
| Loan Amount | $299,959 |
9
YEARS SAVED
$48,882
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
-
$2,099
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
5739 N 16th Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1948
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1539 E San Miguel Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952
LEASED 02/08/21- Rent
- Rent Per SQFT
- $1,900
- $1.04
-
1619 E Maryland Avenue Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 1964
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,200
- $1.23
-
1930 E Solano Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1952
LEASED 04/27/20- Rent
- Rent Per SQFT
- $2,250
- $1.25
-
1821 E Luke Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1952
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,400
- $1.41
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196926
Last Updated: 02/20/2021
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.
