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PROPERTY INFO
FACTS
- Single Family
- Built In 1936
- Price/Sqft : $234.28
- 7 Days on Market
- MLS # : 6173434
- Updated Date : 12/21/2020 at 16:47
CONSTRUCTION
- Beds : 3
- Floor Size : 875 sqft
- Baths : 1 full
Listing Agent
Delex Realty
Listing Agent's Description
Don't miss your opportunity to own this adorable move-in ready 3 bed 1 bath home on a large corner lot, completely fenced with RV gate and plenty of space to park. Close to Down Town. New water heater installed in 2019. This home is clean as a whistle.
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PRICE & RENT TRENDS
Neighborhood: Roosevelt Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Roosevelt Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $980 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$133 | |
| Property Insurance | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$53
|
||
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.
$204,999
PROJECTED PRICE
$980
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.9% |
| 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
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,749 |
4.42
YEARS SAVED
$10,283
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
-
$770
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
744 E Wier Avenue Phoenix, AZ 1
- 3 beds 1 baths ∙ 875 Sqft ∙ Built 1936 3 beds 1 baths ∙ 875 Sqft ∙ Built 1936
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1749 E Southern Avenue Phoenix, AZ 2
- 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $900
- $0.88
-
2161 E Broadway Road Phoenix, AZ 3
- 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955
![property image]()
LEASED 11/16/19- Rent
- Rent Per SQFT
- $925
- $0.88
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173434
Last Updated: 12/21/2020
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.
