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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $276.45
- 2 Days on Market
- MLS # : 6176407
- Updated Date : 01/02/2021 at 18:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,805 sqft
- Baths : 2 full , 1 half
Listing Agent
Corcoran Platinum Living
Listing Agent's Description
Explore the possibilities for the perfect new home in Uptown Phoenix at The Collective, Porchlight Homes' newest urban craft destination. Enjoy inviting contemporary architecture with a distinctly classic flair available in a floorplan thoughtfully designed for your lifestyle. This exclusive gated enclave features just 14 two-story 3 bedroom townhomes designed with a transitional home aesthetic and is surrounded by lush landscaping in the heart of everything the area has to offer for effortless living. Spectacular design elements include 10ft ceilings on both the first and second levels, gourmet kitchens with double stacked cabinets, KitchenAid* appliances with 5 burner gas range, Quartz Counters and a Luxury Master Suite with quartz double vanity and huge subway tiled showe
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PRICE & RENT TRENDS
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelback East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$457 | |
| Property Insurance | -$62 | |
| HOA | -$275 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$174
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$499,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$134,235
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
3.42
YEARS SAVED
$17,111
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
-
$2,559
COMP ESTIMATED VALUE -
$1.42
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,250
- $1.47
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- 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2014
![property image]()
LEASED 10/24/20- Rent
- Rent Per SQFT
- $2,395
- $1.33
-
240 W Missouri Avenue #17 Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 2016
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LEASED 07/27/20- Rent
- Rent Per SQFT
- $2,850
- $1.44
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- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2018
![property image]()
LEASED 06/28/20- Rent
- Rent Per SQFT
- $3,000
- $1.43
PROPERTY LISTING DETAILS
Corcoran Platinum Living
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176407
Last Updated: 01/02/2021
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.
