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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $283.22
- 3 Days on Market
- MLS # : 6199577
- Updated Date : 02/26/2021 at 15:36
CONSTRUCTION
- Beds : 2
- Floor Size : 900 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Welcome home to this bright and airy cozy 2 bedroom 2 FULL bathroom home! The home appears much larger than the stated square footage with an open concept great room with vaulted ceilings and an incorporated kitchen and dining area. The home has large windows with an abundance of natural lighting. The home has been updated and remodeled, including a brand new roof, new interior and exterior paint, new garage door, new wood-like tile flooring throughout and new carpet in bedrooms, many new light fixtures, ceiling fans, faucets, newer water heater, refurbished cabinetry and countertops, and more! You will be amazed at the size of the backyard providing lots of opportunities for your Arizona outdoor oasis! Make this charming home yours today!
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PRICE & RENT TRENDS
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,070 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$166 | |
| Property Insurance | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$125
|
||
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.
$254,900
PROJECTED PRICE
$1,070
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.9% |
| 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
$73,299
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,725 |
| Loan Amount | $191,175 |
3.17
YEARS SAVED
$6,378
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,070
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$1,094
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
7025 S 18th Street Phoenix, AZ 1
- 2 beds 2 baths ∙ 900 Sqft ∙ Built 1989 2 beds 2 baths ∙ 900 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,070
- $1.19
-
2444 E Francisco Drive Phoenix, AZ 2
- 2 beds 2 baths ∙ 972 Sqft ∙ Built 1972 2 beds 2 baths ∙ 972 Sqft ∙ Built 1972
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,149
- $1.18
-
2229 E Huntington Drive Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007
LEASED 11/04/19- Rent
- Rent Per SQFT
- $1,195
- $1.19
-
5716 S 21st Terrace Phoenix, AZ 4
- 2 beds 2 baths ∙ 1,079 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,079 Sqft ∙ Built 2006
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,300
- $1.20
-
2363 E Huntington Drive Phoenix, AZ 5
- 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 2007
LEASED 02/17/21- Rent
- Rent Per SQFT
- $1,300
- $1.29
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199577
Last Updated: 02/26/2021
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.
