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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $130.73
- 2 Days on Market
- MLS # : 6179191
- Updated Date : 01/09/2021 at 22:30
CONSTRUCTION
- Beds : 5
- Floor Size : 2,486 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Your search ends here! Welcome home to this beautiful and bright 5 bed, 3 bath corner lot home with excellent curb appeal! Walking into the home you will notice the gorgeous wood-look flooring and neutral toned paint that enhance the space. The formal living and dining area is an excellent place to gather with friends and family on special occasions. Walking into the kitchen you will be blown away by the espresso cabinets, sleek black appliances, walk-in pantry and breakfast bar! The kitchen and family room overlooking one another are perfect for cooking and spending quality time entertaining guests! Your master bedroom is complete with a full master bathroom, double sink vanity, separate tub and shower and a huge walk-in closet! The additional bedrooms are spacious with ample closet
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PRICE & RENT TRENDS
Neighborhood: Tuscano
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tuscano
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$202 | |
| Property Insurance | -$76 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$278
|
||
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.
$325,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.9% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
9.67
YEARS SAVED
$45,616
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,790
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
8227 W Pueblo Avenue Phoenix, AZ 5
- 5 beds 3 baths ∙ 2,486 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,486 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,850
- $0.74
-
8516 W Payson Road Tolleson, AZ 1
- 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,495
- $0.70
-
3215 S 87th Avenue Tolleson, AZ 2
- 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006
LEASED 08/24/19- Rent
- Rent Per SQFT
- $1,550
- $0.72
-
8442 W Riley Road Tolleson, AZ 3
- 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,650
- $0.74
-
8804 W Preston Lane Tolleson, AZ 4
- 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 2005
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,700
- $0.72
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179191
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
