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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $317.68
- 2 Days on Market
- MLS # : 6189826
- Updated Date : 02/21/2021 at 00:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,980 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
3rd Car Garage?? Biltmore Highlands Classic Ranch Design built by Hallcraft, coined the Arcadia, is a Truss Built home with Block Walls, and was configured in 3, 4 and 5 bedroom options, with two kitchen choices. See in documents tab. Hard to find side yard set backs allow for a 3rd car garage and or master bedroom and bath expansion. Or, enjoy as is! Lush Private back yard with a spacious 60 ft. covered patio, gas barbeque, turf, garden planters, and masonry block walls with side gate access. Enjoyed and Loved by the same family since 1977. Mountain Preserve Views in all directions. Walk two blocks to Preserve Trailheads all of which lead to Piestewa Peak and an extensive network of trails. Once a little known secret, this area is fast becoming a Central Phoenix Favorite!
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PRICE & RENT TRENDS
Neighborhood: Biltmore Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Biltmore Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$2,185 |
| Property Tax | -$452 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$382
|
||
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.
$629,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 9.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$172,435
LOAN DETAILS
$2,185
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $157,250 |
| Loan Amount | $471,750 |
2.25
YEARS SAVED
$9,765
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,589
COMP ESTIMATED VALUE -
$1.31
COMP AVG. RENT PER SQFT
Comps Range
-
7507 N 22nd Place Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1809 E Harmont Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1979
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,200
- $1.19
-
6842 N 24th Place Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1968
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,599
- $1.37
-
1910 E Winter Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 1980
LEASED 02/04/21- Rent
- Rent Per SQFT
- $2,695
- $1.24
-
6818 N 22nd Place Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1968
LEASED 05/09/20- Rent
- Rent Per SQFT
- $3,000
- $1.43
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189826
Last Updated: 02/21/2021
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.
