Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1944
- Price/Sqft : $220.04
- 7 Days on Market
- MLS # : 6191304
- Updated Date : 02/11/2021 at 06:47
CONSTRUCTION
- Beds : 2
- Floor Size : 1,068 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
GREAT STARTER HOME WITH A DETACHED STUDIO! TWO BEDROOM 2 BATHROOM WITH A NICE FRONT PORCH. PLENTY OF ROOM TO ADD ON! DESERT LANDSCAPE IN FRONT. DECORATIVE BOULDERS PRIVATE STREET. A 420 SQUARE FEET DETACHED STUDIO LIVIABLE RENTING POTENTIAL. AWESOME HOME FOR A FIRST TIME BUYER OR FOR RENTAL PROPERTY. HOME WAS RENTED FOR $1200 AND STUDIO AT $600. Tenant in the studio is month to month, please do not disturb tenant.HOME IS SOLD ''AS IS''!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alhambra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $960 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$140 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$143
|
||
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.
$235,000
PROJECTED PRICE
$960
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.8% |
| 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
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
2.5
YEARS SAVED
$4,487
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$959
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
7134 N 26th Avenue Phoenix, AZ 1
- 2 beds 2 baths ∙ 1,068 Sqft ∙ Built 1944 2 beds 2 baths ∙ 1,068 Sqft ∙ Built 1944
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2506 W Augusta Avenue #2 Phoenix, AZ 2
- 2 beds 1 baths ∙ 800 Sqft ∙ Built 1946 2 beds 1 baths ∙ 800 Sqft ∙ Built 1946
LEASED 06/01/20- Rent
- Rent Per SQFT
- $725
- $0.91
-
7101 N 36th Avenue #105 Phoenix, AZ 3
- 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1962
LEASED 11/14/20- Rent
- Rent Per SQFT
- $925
- $0.90
-
2624 W Orangewood Avenue #5 Phoenix, AZ 4
- 2 beds 1 baths ∙ 1,198 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,198 Sqft ∙ Built 1963
LEASED 09/19/19- Rent
- Rent Per SQFT
- $1,075
- $0.90
-
2102 W Morten Avenue Phoenix, AZ 5
- 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1962 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1962
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,099
- $0.88
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191304
Last Updated: 02/11/2021
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.
