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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $190.20
- 2 Days on Market
- MLS # : 6183043
- Updated Date : 02/13/2021 at 16:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,551 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Get ready to fall in love with this move in ready home that truly has it all! This open layout has 3 spacious bedrooms, 2 bathrooms plus a bonus den/office space. This light and bright, open floor plan has vaulted ceilings, a huge master bedroom with double sinks, and separate tub and shower. All appliances are also included! Did I mention the spacious 2 car garage too? The backyard is an entertainer's delight with artificial turf, sparkling pool with water features, and covered patio. You'll love the privacy this backyard offers. Located close to schools and easy freeway access. You won't want to miss out on this beautiful home!!
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PRICE & RENT TRENDS
Neighborhood: Sienna Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sienna Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$171 | |
| Property Insurance | -$57 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$170
|
||
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.
$295,000
PROJECTED PRICE
$1,260
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.1% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
2.42
YEARS SAVED
$5,402
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,260
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,361
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
7117 W Winslow Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,260
- $0.81
-
7225 W Forest Grove Avenue Phoenix, AZ 2
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LEASED 03/06/20- Rent
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- $1,345
- $0.87
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7241 W Williams Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,395
- $0.84
-
2815 S 74th Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,395
- $0.91
-
6527 W Toronto Way Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,435
- $0.89
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183043
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.
