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PROPERTY INFO
FACTS
- Single Family
- Built In 1957
- Price/Sqft : $222.59
- 2 Days on Market
- MLS # : 6182092
- Updated Date : 01/16/2021 at 20:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,527 sqft
- Baths : 2 full
Listing Agent
Momentum Brokers Llc
Listing Agent's Description
Stop searching! This one-story property is ready to go! As you enter, you will see a wide open floor plan providing neutral color tile and paint that allows for easy personal design and gives a bright open feel. Practice your cooking skills in the modern kitchen outfitted with stainless steel appliances, mosaic back-splash, pantry, island w/breakfast bar, and plenty of white cabinets. You will love the adorable main bedroom featuring mirrored sliding doors in closet and nice-sized master bath. In backyard, exercise the thought from the covered patio or under the ramada and create your own idea of paradise. Let's not forget about the tandem garage and the large storage shed! Call today for a private viewing and start packing!
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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 | $1,490 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$203 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$49
|
||
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.
$339,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.44%
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
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
4.67
YEARS SAVED
$16,287
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,680
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
7208 N 21st Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1957
- Rent
- Rent Per SQFT
- $1,490
- $0.98
-
2233 W Belmont Avenue Phoenix, AZ 2
- 3 beds 1 baths ∙ 1,375 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,375 Sqft ∙ Built 1955
LEASED 10/21/20- Rent
- Rent Per SQFT
- $1,550
- $1.13
-
1814 W Vista Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.96
-
7126 N 19th Avenue #158 Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1970
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,600
- $1.14
-
7709 N 18th Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,675
- $1.17
PROPERTY LISTING DETAILS
Momentum Brokers Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182092
Last Updated: 01/16/2021
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.
