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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $277.78
- 4 Days on Market
- MLS # : 6169918
- Updated Date : 12/12/2020 at 17:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,152 sqft
- Baths : 2 full
Listing Agent
Hunt Real Estate Era
Listing Agent's Description
BEAUTIFULLY UPGRADED 3 bdrm 2 bath home in central Phoenix! This charming home has been completely remodeled.. Gorgeous kitchen has granite counters, maple cabinets, and stainless steel appliances.. Both bathrooms updated.. Newer Low-E windows.. Huge IRRIGATED yard with lots of grass and mature fruit trees and a private back patio for relaxing!! Washer/Dryer/Refrigerator convey.. NO HOA!! This home is a MUST SEE!!
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PRICE & RENT TRENDS
Neighborhood: Northern Star
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northern Star
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$191 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$180
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$320,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
3.17
YEARS SAVED
$9,371
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,397
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
7708 N 17th Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1954
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2523 W Vista Avenue #b Phoenix, AZ 2
- 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1943 3 beds 1 baths ∙ 1,085 Sqft ∙ Built 1943
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,300
- $1.20
-
1945 W Gardenia Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1959
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.23
-
7318 N 20th Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1959
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,545
- $1.25
-
7709 N 18th Avenue Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,429 Sqft ∙ Built 1966
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,675
- $1.17
PROPERTY LISTING DETAILS
Hunt Real Estate Era
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169918
Last Updated: 12/12/2020
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.
