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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $188.27
- 5 Days on Market
- MLS # : 6161924
- Updated Date : 11/20/2020 at 11:28
CONSTRUCTION
- Beds : 4
- Floor Size : 1,432 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Wonderful property that is conveniently located. It features new dual pane windows, new kitchen cabinets and counter tops** new bathrooms. It has a oversized master bedroom with a split floor plan** Walk in closet and dual sink in the bathroom. It has tile t/o the house for easy cleaning, new ceiling fans t/o, New paint in and out*New patio roof*vaulted ceilings, It comes with all the appliances**New RV gate for easy access and a block fence**It also has a cement pad for an storage unit if the buyer wishes and front rock landscape** this house is beautiful and ready for your buyer**
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,100 |
| EXPENSES | Loan Payment | -$995 |
| Property Tax | -$162 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$211
|
||
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.
$269,600
PROJECTED PRICE
$1,100
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$77,194
LOAN DETAILS
$995
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,400 |
| Loan Amount | $202,200 |
2.08
YEARS SAVED
$4,171
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
-
$1,203
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
8020 W Elm Street Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4524 N 84th Avenue Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1996
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,125
- $0.85
-
7507 W Roma Avenue Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,200
- $0.85
-
8614 W Campbell Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1998
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,250
- $0.83
-
4216 N 86th Avenue Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1976
LEASED 11/29/19- Rent
- Rent Per SQFT
- $1,260
- $0.83
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161924
Last Updated: 11/20/2020
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.
