Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $144.39
- 2 Days on Market
- MLS # : 6176313
- Updated Date : 01/02/2021 at 04:58
CONSTRUCTION
- Beds : 4
- Floor Size : 2,417 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty Marketing Group
Listing Agent's Description
Wait No More. This one is Special. Private Casita with a Full Bath. Great office space.Inside the Main home there are 3 Bedrooms 2.5 Baths. Newer Carpeting. Cherry Wood Cabinets Thru out. Granite Kitchen Counters. Breakfast Nook Pantry. Formal Dining at Great Room. Master Suite with Large Walk-In Closet Plus an additional Closet for storing Blankets & More. Master Suite has Arcadia door to an upstairs Balcony for those Amazing Arizona Sunsets. Dual Vanities at Master Suite, Separate Tub & Shower. Ceiling Fans Thru out. Spacious upstairs Secondary Bedrooms, Upstairs storage Closet as well. Laundry Room with working sink, perfect for washing the pets. The Rear Yard boasts of Paver covered Patio, Built in BBQ, plus room for a Pool.This home is located on a Cul-De-Sac
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Los Somantos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Los Somantos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$227 | |
| Property Insurance | -$74 | |
| HOA | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$129
|
||
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.
$349,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.1% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
7.33
YEARS SAVED
$37,107
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,054
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
8419 S 1st Street Phoenix, AZ 3
- 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $0.79
-
1302 E Beth Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003
![property image]()
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.83
-
112 E Milada Drive Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004
![property image]()
LEASED 12/19/20- Rent
- Rent Per SQFT
- $1,850
- $0.79
-
7212 S 15th Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
-
123 E Beth Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,000
- $0.85
PROPERTY LISTING DETAILS
Realty Marketing Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176313
Last Updated: 01/02/2021
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.
