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PROPERTY INFO
FACTS
- Single Family
- Built In 1944
- Price/Sqft : $161.85
- 2 Days on Market
- MLS # : 6190727
- Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,785 sqft
- Baths : 2 full
Listing Agent
Re/max Desert Showcase
Listing Agent's Description
This is your chance to get into a neighborhood that is in serious demand due to it's geographic location and amount of money people are sinking into the homes!!! FRESHLY PAINTED AND MOVE IN READY!!! This one has three bedrooms (split floorplan), GINORMOUS living room, separate dining (with adorable farmhouse light fixture), den/office (could be 4th bedroom), two bathrooms, R/V gate with room for an R/V, NO HOA and a good sized yard with a basketball court. If you been looking you know the market so ''Strike First, Strike Hard, No Mercy''!!! ALL APPLIANCES CONVEY WITH FULL PRICE OR BETTER OFFER!!!
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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 | $1,440 |
| EXPENSES | Loan Payment | -$1,003 |
| Property Tax | -$172 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$103
|
||
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.
$288,900
PROJECTED PRICE
$1,440
PROJECTED RENT
0.50%
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
$82,309
LOAN DETAILS
$1,003
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,225 |
| Loan Amount | $216,675 |
7.42
YEARS SAVED
$26,592
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,767
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
7519 N 23rd Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1944 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1944
- Rent
- Rent Per SQFT
- $1,440
- $0.81
-
2414 W Butler Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1958
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,495
- $0.94
-
2615 W Augusta Avenue #1 Phoenix, AZ 3
- 3 beds 1 baths ∙ 1,630 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,630 Sqft ∙ Built 1954
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,500
- $0.92
-
1814 W Vista Avenue Phoenix, AZ 4
- 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
-
1801 W Morten Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1955
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,850
- $1.14
PROPERTY LISTING DETAILS
Re/max Desert Showcase
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190727
Last Updated: 02/06/2021
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.
