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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $199.21
- 2 Days on Market
- MLS # : 6192099
- Updated Date : 02/13/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,782 sqft
- Baths : 2 full
Listing Agent
Arizona Gateway Real Estate
Listing Agent's Description
Fantastic opportunity to live in Eagle Ridge - a picturesque community in North Phoenix. Well appointed single level jewell with North/South exposure, beautiful desert landscaping out front, and fantastic mountain views.Single level, 3 spacious bedrooms, 2 full bathrooms, over 1700sqft of open living space. Vaulted ceilings, both living and family rooms &gas fireplace. This well cared for property is just waiting for your personal touches. 3 car garage, built in cabinets for extra storage. Spacious backyard waiting for your vision. A great place to host family and friends with plenty of space for everyone.
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PRICE & RENT TRENDS
Neighborhood: Eagle Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eagle Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$213 | |
| Property Insurance | -$62 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$10
|
||
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.
$355,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.3% |
| 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
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
5.5
YEARS SAVED
$21,064
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,639
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
6535 W Briles Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,620
- $0.91
-
6823 W Buckskin Trail Peoria, AZ 1
- 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999
![property image]()
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,550
- $0.93
-
6629 W Range Mule Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1999
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
6607 W Prickly Pear Trail Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 1999
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
6541 W Molly Lane Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2002
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
PROPERTY LISTING DETAILS
Arizona Gateway Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192099
Last Updated: 02/13/2021
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.
