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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $205.26
- 4 Days on Market
- MLS # : 6179590
- Updated Date : 01/15/2021 at 02:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,900 sqft
- Baths : 2 full
Listing Agent
Re/max Professionals
Listing Agent's Description
Beautiful remodeled ready to move into property ! Large 3 bedroom, 2 Bath home with a very open great room floor plan ! Remodeled kitchen with large island, granite counter tops and backsplash with stainless steel appliances and upgraded white cabinets and a pantry ! Travertine floors throughout with wood laminate in the bedrooms. Several TV mounts and ceiling fans ! Plantation shutters in the master bedroom, separate tub & shower and double sinks and walk in closet in master bath ! Granite counters in the baths also ! Coated floor in garage with cabinets, opener, work bench & a water softener ! Sun screens on the dual pane windows, beautiful landscaped back yard with a walking or kids play sidewalk going around the back yard. Covered and open patios, sprinkler system & a lemon tree!
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PRICE & RENT TRENDS
Neighborhood: Arroyo Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arroyo Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$246 | |
| Property Insurance | -$64 | |
| HOA | -$3 | |
| 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 14% of earned rent to cover both maintenance and periods of vacancy.
$390,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.9% |
| 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
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
5.58
YEARS SAVED
$24,104
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,781
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/16/20- Rent
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- $1,650
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18807 N 1st Avenue Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1995
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
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1121 W Michigan Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2006
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.98
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179590
Last Updated: 01/15/2021
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.
