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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $251.80
- 2 Days on Market
- MLS # : 6160182
- Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,251 sqft
- Baths : 2 full
Listing Agent
Trilese And Associates
Listing Agent's Description
This home is located in a highly desirable area of North Phoenix. Perfectly situated between SR 51 and I17 with direct access to Loop 101. Minutes away from Desert Ridge, Norterra, and other shopping and entertainment. This home features an eat-in kitchen, with a Samsung stainless steel appliance package, vaulted ceilings, built-in entertainment center, landscaped front and backyards, upgraded master bath and brand new carpet in all bedrooms. You just love all the energy savings with the Ecobee thermostat and home sensors. Come see it today. Don't miss the opportunity to call this place home!
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PRICE & RENT TRENDS
Neighborhood: Arroyo Rojo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arroyo Rojo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$189 | |
| Property Insurance | -$52 | |
| HOA | -$39 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$220
|
||
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.
$315,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
2.17
YEARS SAVED
$5,418
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
-
$1,439
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
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- $1,250
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LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,350
- $1.16
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20822 N 1st Lane Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1994
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,550
- $1.15
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112 W Runion Drive Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1995
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.19
PROPERTY LISTING DETAILS
Trilese And Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160182
Last Updated: 11/14/2020
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.
