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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $168.65
- 2 Days on Market
- MLS # : 6160490
- Updated Date : 11/14/2020 at 12:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,512 sqft
- Baths : 2 full
Listing Agent
Mojica & Associates Real Estate
Listing Agent's Description
Beautifully Remodeled Home on a corner lot w/shade trees & plenty of parking. Handsome tiled floors throughout, welcoming fresh palette, vaulted ceilings, formal dining area, & ceiling fans. Gorgeous painted kitchen cabinets w/hardware, granite counters, SS appliances, subway tile backsplash, & breakfast bar. Flowing floor plan is perfect for entertaining. 3 Bedrooms, ample closets, interior laundry room, & 2 pristine updated baths. RV Gate! Large backyard w/a patio, shade trees, storage shed, & room for a pool & toys! Nearby Dog Park, Shopping, & Dining.
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PRICE & RENT TRENDS
Neighborhood: Llewellyn Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Llewellyn Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$152 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$31
|
||
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.
$255,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.4% |
| 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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
6.33
YEARS SAVED
$21,710
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,391
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
6502 N 24th Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,280
- $0.85
-
6565 N 19th Avenue #53 Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1963
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,195
- $0.98
-
1725 W Marlette Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970
![property image]()
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
3043 W Tuckey Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,450
- $0.85
-
1812 W Claremont Street Phoenix, AZ 5
- 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,495
- $0.96
PROPERTY LISTING DETAILS
Mojica & Associates Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160490
Last Updated: 11/14/2020
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.
