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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $258.05
- 3 Days on Market
- MLS # : 6165391
- Updated Date : 11/28/2020 at 12:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,267 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Spectacular 2020 remodeled home in highly desired Moon Valley! Open concept floorplan with gas range, island kitchen, granite counters and new GE Profile appliances. Remodel includes new flooring, self closing cabinets, recessed lighting, touch faucet, overflow sinks, waterfall bathroom faucets, ceiling fans, re-finished pebble sheen pool, pool decking and landscaping. The home offers generous-sized bedrooms with large closets. Huge back yard with mature orange and grapefruit trees. Conveniently located near hiking trails, with a top-rated elementary school and newly-refurbished park right in the neighborhood! Original owner of one of Moon Valley's first homes is offered for sale by heirs of the estate.
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PRICE & RENT TRENDS
Neighborhood: Moon Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moon Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$2,158 |
| Property Tax | -$349 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$668
|
||
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.
$585,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.6% |
| 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
$160,775
LOAN DETAILS
$2,158
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $146,250 |
| Loan Amount | $438,750 |
0.67
YEARS SAVED
$1,507
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,205
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
90 E Canterbury Court Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1969
![property image]()
- Rent
- Rent Per SQFT
- $2,010
- $0.89
-
911 E Sandra Terrace Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989
![property image]()
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,000
- $0.92
-
15234 N 6th Street Phoenix, AZ 3
- 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1978
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.93
-
209 E Coral Gables Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977
![property image]()
LEASED 09/30/19- Rent
- Rent Per SQFT
- $2,395
- $1.01
-
14624 N 7th Place Phoenix, AZ 5
- 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.03
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165391
Last Updated: 11/28/2020
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.
