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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $310.94
- 3 Days on Market
- MLS # : 6209354
- Updated Date : 03/20/2021 at 15:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,251 sqft
- Baths : 2 full
Listing Agent
American Realty Brokers
Listing Agent's Description
MUST SEE! Adorable home that shows pride of ownership. Perfect place to make your home or use as a rental property. Light and bright, open floor plan with vaulted ceilings. Beautiful upgrades throughout! Updated kitchen with granite countertops, fixtures and lighting. Plank tile flooring and newer carpet. Bathrooms updated with new cabinets, marble countertops and toilets. Fresh paint inside and out, updated ceiling fans and light fixtures throughout. Enjoy the beautiful backyard oasis! Sparkling pool, gazebo, new rock and turf, newly painted pool deck, new pool filter system and vacuum. Water heater replaced in 2020. Community park and bike paths. Close to freeways, shopping and restaurants.
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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 | $1,430 |
| EXPENSES | Loan Payment | -$1,351 |
| Property Tax | -$233 | |
| Property Insurance | -$52 | |
| HOA | -$39 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$344
|
||
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.
$388,988
PROJECTED PRICE
$1,430
PROJECTED RENT
0.37%
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
$108,832
LOAN DETAILS
$1,351
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,247 |
| Loan Amount | $291,741 |
1.33
YEARS SAVED
$2,367
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,432
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
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870 E Ross Avenue Phoenix, AZ 1
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- $0
- $0.00
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1001 E Wahalla Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1984
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,250
- $1.10
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514 E Marco Polo Road Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,168 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,168 Sqft ∙ Built 1986
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,350
- $1.16
-
742 E Piute Avenue Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1987
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,549
- $1.13
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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
American Realty Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6209354
Last Updated: 03/20/2021
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.
