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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $208.52
- 3 Days on Market
- MLS # : 6162712
- Updated Date : 11/20/2020 at 10:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,726 sqft
- Baths : 2 full
Listing Agent
Marketplace One Realty
Listing Agent's Description
Updated North Phoenix Oasis Home! This home has been thoughtfully updated throughout including a remodeled kitchen with new appliances, and new interior paint. Airy entryway opens up to the family room with lofty ceilings that fills with natural light. The family room flows to the formal dining room with easy access to the kitchen. The beautifully redone kitchen including new backsplash, refinished cabinets, and paint, overlooks the oasis-like backyard. Guests can enjoy the half-bath downstairs, while the 3 spacious bedrooms and 2 additional bathrooms are upstairs. The master suite also overlooks the beautiful backyard and seamlessly connects to the en-suite bathroom including separate shower and tub, walk in closet, and dual sinks. Double doors open up to the large covered patio which...
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PRICE & RENT TRENDS
Neighborhood: Turtle Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Turtle Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$215 | |
| Property Insurance | -$61 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$32
|
||
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.
$359,900
PROJECTED PRICE
$1,690
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$101,124
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
5.08
YEARS SAVED
$22,099
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
-
$1,691
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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609 W Grandview Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1989
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- Rent
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- $0
- $0.00
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526 W Kelton Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1994
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LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.93
-
415 W Aire Libre Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1995
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,525
- $0.94
-
16036 N 11th Avenue #1075 Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
-
16036 N 11th Avenue #1039 Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2003
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,750
- $1.04
PROPERTY LISTING DETAILS
Marketplace One Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162712
Last Updated: 11/20/2020
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.
