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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $273.08
- 2 Days on Market
- MLS # : 6190720
- Updated Date : 02/06/2021 at 23:41
CONSTRUCTION
- Beds : 3
- Floor Size : 2,058 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Beautiful, single level patio home in the mid-century community of Kingswood. Designer finishes are placed thoughtfully throughout this beautiful property. The welcoming, open floorplan features new wood look tile floors, new quartz countertops, new Frigidaire professional Appliances. New carpet and new paint throughout the interior. Newly installed air conditioner. Wonderful Uptown Phoenix location near dining and nightlife. Community pool and dog area
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PRICE & RENT TRENDS
Neighborhood: Kingswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingswood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,952 |
| Property Tax | -$404 | |
| Property Insurance | -$67 | |
| HOA | -$215 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$727
|
||
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.
$562,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.8% |
| 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
$154,680
LOAN DETAILS
$1,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $140,500 |
| Loan Amount | $421,500 |
0.25
YEARS SAVED
$112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,279
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
6036 N 10th Way Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $2,010
- $0.98
-
1017 E Bethany Home Road Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1950 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1950
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,095
- $1.01
-
5739 N 16th Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1948
LEASED 05/12/20- Rent
- Rent Per SQFT
- $2,100
- $1.13
-
6125 N Central Avenue #11 Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,200
- $1.14
-
1236 E Mclellan Boulevard Phoenix, AZ 5
- 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1953 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1953
LEASED 01/28/21- Rent
- Rent Per SQFT
- $2,400
- $1.15
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190720
Last Updated: 02/06/2021
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.
