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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $145.74
- 3 Days on Market
- MLS # : 6199435
- Updated Date : 02/26/2021 at 03:55
CONSTRUCTION
- Beds : 5
- Floor Size : 2,230 sqft
- Baths : 3 full
Listing Agent
Glass House International
Listing Agent's Description
Look no further! You've found it! Located in Phoenix, this 5 bed, 3 bath property boasts nice curb appeal with desert landscaping, a 2 car garage, and so much more! Step inside and you will find a semi-open floor plan as well as a spacious loft, all with neutral paint throughout. The kitchen offers ample cabinet and counter space, a pantry and a lovely breakfast bar. The master bedroom is ideal, with its large walk-in closet and private bath equipped with a dual vanity! Finally, the backyard includes a covered patio and a sparkling blue pool perfect for the warm summer days! The good ones never last, hurry and schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: Park Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Park Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$211 | |
| Property Insurance | -$71 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$55
|
||
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.
$325,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.0% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.17
YEARS SAVED
$22,950
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
-
$1,661
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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5906 S 32nd Avenue Phoenix, AZ 1
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- $0
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3124 W Maldonado Road Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2004
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,525
- $0.75
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6334 S 37th Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2006
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,595
- $0.73
-
5725 S 32nd Lane Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.74
-
3403 W Sunland Avenue Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2006
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,695
- $0.76
PROPERTY LISTING DETAILS
Glass House International
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199435
Last Updated: 02/26/2021
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.
