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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $423.57
- 6 Days on Market
- MLS # : 6175118
- Updated Date : 12/30/2020 at 18:48
CONSTRUCTION
- Beds : 2
- Floor Size : 2,172 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
All New Furniture included in the Sale! Art excluded. This home is located in the picturesque foothills of the Phoenix Mountain Preserve. Biltmore Hillside Villas is a privately gated and guarded community with access to the Phoenix Preserve hiking and biking trails right outside your door. Gorgeous updated interior with light, wood plank flooring throughout, white kitchen cabinets with white quartz countertops. Also, high expansive ceilings and large windows covered with custom white wood grain shutters. Two oversized bedrooms, the Master Bedroom large enough for sitting area or exercise equipment. Backyard has a covered dining patio and extended patio with built-in BBQ. Low maintenance hardscape and mature landscaping. Surrounded by cutting edge restaurants and world class shopping!
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PRICE & RENT TRENDS
Neighborhood: Biltmore Hillside Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Biltmore Hillside Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,660 |
| EXPENSES | Loan Payment | -$3,394 |
| Property Tax | -$661 | |
| Property Insurance | -$70 | |
| HOA | -$149 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$713
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$920,000
PROJECTED PRICE
$3,660
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$249,550
LOAN DETAILS
$3,394
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $230,000 |
| Loan Amount | $690,000 |
1.58
YEARS SAVED
$9,807
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
-
$3,367
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
-
6425 N 30th Place Phoenix, AZ 1
- 2 beds 2 baths ∙ 2,172 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,172 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5010 N 34th Street #2 Phoenix, AZ 2
- 2 beds 3 baths ∙ 2,275 Sqft ∙ Built 2012 2 beds 3 baths ∙ 2,275 Sqft ∙ Built 2012
![property image]()
LEASED 08/22/19- Rent
- Rent Per SQFT
- $3,400
- $1.49
-
2626 E Arizona Biltmore Circle #1 Phoenix, AZ 3
- 2 beds 2 baths ∙ 2,298 Sqft ∙ Built 1980 2 beds 2 baths ∙ 2,298 Sqft ∙ Built 1980
![property image]()
LEASED 09/21/19- Rent
- Rent Per SQFT
- $3,700
- $1.61
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175118
Last Updated: 12/30/2020
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.
