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PROPERTY INFO
FACTS
- Single Family
- Built In 1954
- Price/Sqft : $217.01
- 2 Days on Market
- MLS # : 6190830
- Updated Date : 02/06/2021 at 21:43
CONSTRUCTION
- Beds : 4
- Floor Size : 1,728 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
NOTHING FOR YOU TO DO, SO MUCH IS NEW, NEW, NEW!!! This MODERNFARMHOUSE, Charming, SOLIDLY-BUILT, BLOCK Home, in the heart of NorthPhoenix is IMMACULATE & MOVE-IN READY! The Interiors were GUTTED & REMODELED with many NEW UPGRADES INCLUDING: New PLUMBING & ELECTRICAL, NEW STAINLESS APPLIANCES including a New GAS RANGEw/ Gorgeous DESIGNER HOOD, NEW WHITE SHAKER CABINETS, NEW QUARTZCOUNTERTOPS w/ WHITE SUBWAY TILE, NEW INTERIOR & EXTERIOR PAINT,NEW SHEETROCK, NEW CARPET, NEW WOOD-PLANK TILE FLOORING, NEWDESIGNER LIGHTING, PLENTIFUL RECESSED CAN LIGHTS, NEW PANELEDINTERIOR DOORS w/ stylish DARK HARDWARE and a NEW TANDEM 2 CARGARAGE w/ OPENER. The home's NORTH/SOUTH EXPOSURE & DESERT LANDSCAPED FRONT and BACKYARD w/ Block Wall, DOUBLE RV GATE, & Extra Cement Slab with PLUMBING
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PRICE & RENT TRENDS
Neighborhood: Gebby Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gebby Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$224 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$6
|
||
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.
$375,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.1% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.42
YEARS SAVED
$21,859
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,888
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
815 E Ironwood Drive Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,728 Sqft ∙ Built 1954
- Rent
- Rent Per SQFT
- $1,680
- $0.97
-
1137 E Diana Avenue Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1959
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
1229 E Mission Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1955
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,800
- $1.12
-
8816 N 1st Street Phoenix, AZ 4
- 5 beds 3 baths ∙ 1,875 Sqft ∙ Built 1939 5 beds 3 baths ∙ 1,875 Sqft ∙ Built 1939
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,000
- $1.07
-
1233 E Mission Lane Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1955
LEASED 10/25/20- Rent
- Rent Per SQFT
- $2,000
- $1.21
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190830
Last Updated: 02/06/2021
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.
