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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $232.81
- 3 Days on Market
- MLS # : 6184688
- Updated Date : 02/13/2021 at 18:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,847 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Looking for a quiet and friendly adult community? Do you want to be close to walking paths surrounded by mature trees, a community pool, and a golf club? This Hillcrest home is now available to residents ages 45 and up. The open floor plan offers wood-like plank tile floors, granite countertops, and crown molding throughout. Enjoy a private dip in your pool and relax under one the two covered patios. Furry friends will love the grassy area in the back with plenty of room to play. Come see why this desirable neighborhood is sought after by so many!
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PRICE & RENT TRENDS
Neighborhood: Hillcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hillcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$257 | |
| Property Insurance | -$63 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$202
|
||
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.
$430,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$119,700
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
3.08
YEARS SAVED
$10,347
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,750
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
7 E Piping Rock Road Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,720
- $0.93
-
16 E Willow Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982
LEASED 02/07/21- Rent
- Rent Per SQFT
- $1,750
- $0.90
-
13249 N 14th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
230 E Wood Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
817 W Coral Gables Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1978
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,795
- $0.96
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184688
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.
