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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $158.71
- 3 Days on Market
- MLS # : 6184491
- Updated Date : 01/22/2021 at 23:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,947 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
GATED COMMUNITY! Great 3br 2.5 bath 1900 sq. ft. 2 story Home! Huge kitchen/dining room with large walk in pantry! This could also be an informal dining room, family room plus living room or formal dining. Sliding patio door off Kit/DR to awesome pebble tec play pool, back yard with covered patio and the afternoon sun! Large Master Bedroom and 2 other bedrooms on 2nd floor with a huge loft for media room, office or playroom. This area has easy access to shopping, resturants, downtown Phoenix and airport. New AC 2020! At this time, until the owners find and secure a home to purchase, there is, up to a 60 day's the sellers have to move out contingengy presently, a condition of this sale! See private remarks for showing times!
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PRICE & RENT TRENDS
Neighborhood: Heather Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heather Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,073 |
| Property Tax | -$201 | |
| Property Insurance | -$65 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$221
|
||
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.
$309,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.1% |
| 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
$87,635
LOAN DETAILS
$1,073
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
9.17
YEARS SAVED
$38,900
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,928
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
7506 S 13th Place Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,700
- $0.87
-
7061 S 14th Street Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1987
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,749
- $0.90
-
1426 E Maldonado Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
-
1432 E Branham Lane Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2006
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,895
- $1.05
-
1514 E Gary Way Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,000
- $1.05
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184491
Last Updated: 01/22/2021
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.
