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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $137.02
- 2 Days on Market
- MLS # : 6165511
- Updated Date : 11/27/2020 at 23:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,934 sqft
- Baths : 2 full
Listing Agent
Home Centric Real Estate, Llc
Listing Agent's Description
HONEY STOP THE CAR! This Beautiful 3 Bedroom, 2.5 Bath Home is located in a beautiful community, featuring a Community Pool, Spa, Children's Play Ground, Multiple Parks, Basketball Court, Walking/Biking Paths, & Numerous Ramada's. This Gorgeous Home Includes an Open Floor Plan Great for Entertaining, a Gorgeous Kitchen with a Large Kitchen Island, & Stainless Steel Appliances. Upstairs includes a GINORMOUS Master Suite including a LARGE Walk In Closet, Private Master Bathroom with Large Vanity, Private Toilet Room, Large Soaking Tub, & Walk In Shower. Two Additional Bedrooms, a Bathroom, and Laundry are located Upstairs. Enjoy the close proximity to many Dining & Shopping options, as well as easy access to the freeway! THIS IS A MUST SEE!!!!!
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PRICE & RENT TRENDS
Neighborhood: Vinsanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vinsanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$160 | |
| Property Insurance | -$65 | |
| HOA | -$120 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$9
|
||
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.
$265,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.9% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
5.5
YEARS SAVED
$18,236
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
-
$1,538
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/13/19- Rent
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- $1,450
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7949 W Brill Street Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2007
LEASED 06/07/19- Rent
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- $1,550
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LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,568
- $0.81
PROPERTY LISTING DETAILS
Home Centric Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165511
Last Updated: 11/27/2020
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.
