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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $137.93
- 3 Days on Market
- MLS # : 6180084
- Updated Date : 01/14/2021 at 23:05
CONSTRUCTION
- Beds : 4
- Floor Size : 1,885 sqft
- Baths : 1 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
Great 4 bedroom block home home with a quality permitted addition that is a large great room with log burning fireplace. The main living area has Vinyl plank flooring. Open kitchen with eating area and additional formal dining area. Hallway bath has an upgraded tile surround and is walk in shower. Master bedroom also with a walk in shower. Roof and AC replaced around 2017/2018. Large backyard features covered patio, small RV gate and fruit trees. This is a great home just waiting for you!
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PRICE & RENT TRENDS
Neighborhood: Suntown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Suntown
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$141 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$333
|
||
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.
$260,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.59%
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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
12
YEARS SAVED
$48,669
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,673
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
7133 W Brown Street Peoria, AZ 3
- 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1974
![property image]()
- Rent
- Rent Per SQFT
- $1,540
- $0.82
-
6933 W Brown Street Peoria, AZ 1
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1986
![property image]()
LEASED 07/27/19- Rent
- Rent Per SQFT
- $1,450
- $0.94
-
6428 W Sunnyslope Lane Glendale, AZ 2
- 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1975
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,520
- $0.85
-
7565 W Comet Avenue Peoria, AZ 4
- 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993
![property image]()
LEASED 08/27/19- Rent
- Rent Per SQFT
- $1,550
- $0.83
-
6513 W Turquoise Avenue Glendale, AZ 5
- 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 1985
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,825
- $0.93
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180084
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
