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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $201.76
- 2 Days on Market
- MLS # : 6193349
- Updated Date : 02/14/2021 at 02:38
CONSTRUCTION
- Beds : 5
- Floor Size : 3,068 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Beautiful, spacious five-bedroom popular Camelot home nestled in the heart of the Foothills. Surrounded by impressive panoramic mountain views. Preferred North/South lot. Large formal living & dining leads to sunny gourmet kitchen slab granite counters, island with breakfast bar and separate breakfast room. New appliances Corner fireplace that soars to vaulted ceiling is wonderful focal point of this cozy family room. Second master suite on first floor with full bath. Luxurious master with large master bath and walk-in closet. Two tone paint, 20'' porcelain tile flooring with laminate flooring throughout the home. Entertainers delight back yard with covered patio, grass play area, pebble tec pool and spa. Move in & enjoy all this home has to offer. Walking distance to De Los Cerritos eleme
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PRICE & RENT TRENDS
Neighborhood: Crimson Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crimson Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,940 |
| EXPENSES | Loan Payment | -$2,150 |
| Property Tax | -$441 | |
| Property Insurance | -$87 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$158
|
||
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.
$619,000
PROJECTED PRICE
$2,940
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$169,785
LOAN DETAILS
$2,150
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $154,750 |
| Loan Amount | $464,250 |
6.58
YEARS SAVED
$48,734
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,940
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$3,145
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
820 E Mountain Sage Drive Phoenix, AZ 2
- 5 beds 3 baths ∙ 3,068 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,068 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,940
- $0.96
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15856 S 8th Street Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,550
- $0.88
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14264 S 12th Street Phoenix, AZ 3
- 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993
LEASED 07/03/20- Rent
- Rent Per SQFT
- $3,400
- $1.00
-
15003 S 7th Street Phoenix, AZ 4
- 4 beds 3 baths ∙ 3,074 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,074 Sqft ∙ Built 1993
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,500
- $1.14
-
15016 S 7th Street Phoenix, AZ 5
- 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1993
LEASED 02/01/20- Rent
- Rent Per SQFT
- $3,600
- $1.08
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193349
Last Updated: 02/14/2021
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.
