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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $174.71
- 2 Days on Market
- MLS # : 6200016
- Updated Date : 02/27/2021 at 00:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,740 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
Nice Baseline corridor home in Heather Grove gated community. Open floor plan includes large family room, loft, new paint, new carpet and new blinds. The kitchen features a walk-in pantry, light oak cabinets & stainless appliances including a new stove. Main bedroom features a large walk-in closet, separate shower & tub & double sinks. Upstairs laundry. All bedrooms have walk in closets & ceiling fans, Covered patio. Close to downtown Phoenix, airport, freeways, shopping and restaurants.
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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 | $1,600 |
| EXPENSES | Loan Payment | -$1,056 |
| Property Tax | -$198 | |
| Property Insurance | -$61 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$146
|
||
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.
$304,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.53%
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
$86,310
LOAN DETAILS
$1,056
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,000 |
| Loan Amount | $228,000 |
7.75
YEARS SAVED
$30,737
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,757
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
7524 S 13th Place Phoenix, AZ 1
- 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,600
- $0.92
-
821 E Constance Way Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2016
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,700
- $0.98
-
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
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200016
Last Updated: 02/27/2021
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.
