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PROPERTY INFO
FACTS
- Single Family
- Built In 1930
- Price/Sqft : $442.34
- 3 Days on Market
- MLS # : 6175992
- Updated Date : 01/03/2021 at 01:52
CONSTRUCTION
- Beds : 3
- Floor Size : 1,639 sqft
- Baths : 2 full , 1 half
Listing Agent
Brokers Hub Realty, Llc
Listing Agent's Description
Oh my! This is a unicorn alert! Tucked in the perfect street of Willo, this fabulous home has been updated in all the right places! The main house has 2 large en suite bedrooms, with the primary room boasting a fantastic walk in shower and a closet that rivals homes 3 times this size. The updated kitchen is flush with natural light and SS appliances overlooking the lush back yard. Formal living and dining room and a family room that opens to a large raised deck. Almost new 2.5 car garage with a guest suite out back overlooking the pool. The casita was designed for future expansion with a possible 1 bed/ 1 bath! Fresh paint inside/out. Original hardwood floors, coved ceilings, newer dual pane windows and AC. This is a wonderful home in a charming neighborhood. Do not miss this one!
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PRICE & RENT TRENDS
Neighborhood: Willo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$2,675 |
| Property Tax | -$387 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,000
|
||
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.
$725,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.8% |
| 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
$197,875
LOAN DETAILS
$2,675
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
0.25
YEARS SAVED
$293
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,213
COMP ESTIMATED VALUE -
$1.35
COMP AVG. RENT PER SQFT
Comps Range
-
68 W Vernon Avenue Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,639 Sqft ∙ Built 1930 3 beds 3 baths ∙ 1,639 Sqft ∙ Built 1930
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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60 W Lewis Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1930
![property image]()
LEASED 12/14/19- Rent
- Rent Per SQFT
- $1,950
- $1.44
-
1609 W Vernon Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1940
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.26
-
2201 N 9th Street Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1940
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,295
- $1.29
-
505 W Virginia Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1945 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1945
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $2,495
- $1.41
PROPERTY LISTING DETAILS
Brokers Hub Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175992
Last Updated: 01/03/2021
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.
