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PROPERTY INFO
FACTS
- Single Family
- Built In 1952
- Price/Sqft : $256.87
- 5 Days on Market
- MLS # : 6183241
- Updated Date : 02/06/2021 at 23:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,732 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
OMG!!! NOT a Townhouse at this price?? (NO HOA) Easy show VACANT and Tastefully updated @ Uptown central. Split plan, Vast closet space, Barn doors, Stunning white shaker kitchen w/wine rack, Black Pearl Granite countertops and stainless steel appliances. DUAL RV gates!! New vanities, LED lighting, Tile & LVT (No Carpet), Paint, Fans, DP windows, and electrical panel. Oversize Car Garage! Covered patio, Noticeable unique veneer stone, irrigation system!! WOW So much Must SEE!
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PRICE & RENT TRENDS
Neighborhood: Glenwood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glenwood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,545 |
| Property Tax | -$265 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$231
|
||
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.
$444,900
PROJECTED PRICE
$1,740
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| 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
$123,649
LOAN DETAILS
$1,545
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,225 |
| Loan Amount | $333,675 |
2.67
YEARS SAVED
$9,611
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,949
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
7002 N 8th Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1952
- Rent
- Rent Per SQFT
- $1,740
- $1.00
-
6618 N 7th Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1957
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,795
- $1.06
-
6744 N 14th Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,975
- $1.13
-
1317 W Myrtle Avenue Phoenix, AZ 4
- 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1953 4 beds 3 baths ∙ 1,904 Sqft ∙ Built 1953
LEASED 10/02/19- Rent
- Rent Per SQFT
- $2,100
- $1.10
-
740 W Tuckey Lane Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1950
LEASED 06/04/20- Rent
- Rent Per SQFT
- $2,250
- $1.21
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183241
Last Updated: 02/06/2021
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.
