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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $175.91
- 5 Days on Market
- MLS # : 6166864
- Updated Date : 12/02/2020 at 17:37
CONSTRUCTION
- Beds : 4
- Floor Size : 1,648 sqft
- Baths : 2 full
Listing Agent
Trelora Realty
Listing Agent's Description
Don't miss this opportunity to see this beautiful 4 bedroom 2 bathroom home located in an amazing location near 43rd ave and Northern! As you approach the front door the large beautiful style archways line the entry pathway with an extra large driveway and 2 car garage. Home features an open concept floor plan that is both inviting as well as functional. Upgraded kitchen features newer appliances, gas range, white cabinets, and granite counters. Large upgraded tiles cover the floor throughout all of the common areas in the home. Master suite features a on suite bathroom. The large private backyard is a great area for hosting and entertaining. Home is currently tenant occupied but will be vacant by the end of the month. Schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Lori Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lori Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$173 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$121
|
||
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.
$289,900
PROJECTED PRICE
$1,280
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.6% |
| 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
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
3.58
YEARS SAVED
$10,927
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,355
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
7601 N 41st Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1967
![property image]()
- Rent
- Rent Per SQFT
- $1,280
- $0.78
-
4039 W El Caminito Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,245
- $0.80
-
4141 W Orchid Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976
![property image]()
LEASED 01/11/20- Rent
- Rent Per SQFT
- $1,295
- $0.80
-
4601 W Northview Avenue Glendale, AZ 4
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.86
-
4134 W Las Palmaritas Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966
![property image]()
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,499
- $0.83
PROPERTY LISTING DETAILS
Trelora Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166864
Last Updated: 12/02/2020
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.
