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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $226.07
- 2 Days on Market
- MLS # : 6179003
- Updated Date : 01/09/2021 at 08:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,327 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
You are going to love this absolutely charming home. Located in a central location in Phoenix only minutes from the 51 & the I-17. Also close to great schools and parks. This home has tile flooring throughout which makes for an elegant look and easy clean up. The bedrooms are good sized and have ceiling fans. Your new kitchen boasts granite countertops and contemporary cabinets with plenty of storage space. Large back yard with a covered patio, easy to maintain landscaping, and all the room you need to entertain, relax, and even add a future swimming pool. Ideal home for a first time buyer or to rent out if you're an investor. Hurry and come take a look before it gets snatched up. You'll be glad you did.
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PRICE & RENT TRENDS
Neighborhood: Sunnyslope
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunnyslope
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$179 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$177
|
||
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.
$300,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.4% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
8.58
YEARS SAVED
$34,842
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
-
$1,569
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
8829 N 2nd Way Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8917 N 4th Street #b Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 2008
![property image]()
LEASED 08/04/19- Rent
- Rent Per SQFT
- $1,295
- $1.18
-
8917 N 4th Street #a Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 2008
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,295
- $1.18
-
8913 N 4th Street #a Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,102 Sqft ∙ Built 2008
![property image]()
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,350
- $1.23
-
8811 N 5th Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1994
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,395
- $1.14
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179003
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.
