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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $177.87
- 3 Days on Market
- MLS # : 6159844
- Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,518 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
This spacious home boasts an expansive master suite. The entire upstairs belongs to the master suite for maximum privacy and elbow room. Master also has two closets, dual vanities, private toilet room, separate shower and bathtub!The Large great room with vaulted ceilings leads out to well manicured and low maintenance backyard with a lush and peaceful setting.There is plenty of cabinet space in the kitchen and extra storage throughout the whole home. There is a spacious closet underneath the stairs. and cabinetry in the garage as well.The whole interior of the home has been painted in modern tones within the last few years. and newer carpet on the stairs.
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PRICE & RENT TRENDS
Neighborhood: Golden Keys Central
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Golden Keys Central
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,190 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$161 | |
| Property Insurance | -$57 | |
| HOA | -$27 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$150
|
||
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.
$270,000
PROJECTED PRICE
$1,190
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.9% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
3
YEARS SAVED
$7,497
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,207
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
7046 N 28th Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3326 W Northern Avenue #1 Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974
LEASED 06/08/20- Rent
- Rent Per SQFT
- $950
- $0.79
-
6814 N 31st Avenue Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 1973
LEASED 05/27/19- Rent
- Rent Per SQFT
- $1,250
- $0.74
-
7734 N 30th Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,350
- $0.82
-
8047 N 31st Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,686 Sqft ∙ Built 1979
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.83
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159844
Last Updated: 11/13/2020
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.
