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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $172.59
- 4 Days on Market
- MLS # : 6183747
- Updated Date : 01/23/2021 at 00:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,433 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
PICTURE PERFECT HOME! Immaculately maintained on corner LOT, with beautiful CURB appeal. Split floorplan with 4 BIG bedrooms, 3 1/2 baths and Livingroom in front can be used as formal dining! Open kitchen featuring granite counters, Raised panel cabinets, Gas cooktop, Lots of extra closet space and Large walk-in pantry. Make your way to the Family-room that exists to the low maintenance backyard and no neighbors behind! New neutral paint throughout, New carpet in all the bedrooms, tile in ALL the right places, New AC unit, New Water heater, too much to list. Absolutely SPECTACULAR HOME AND A MUST SEE!
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PRICE & RENT TRENDS
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,458 |
| Property Tax | -$273 | |
| Property Insurance | -$75 | |
| HOA | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$170
|
||
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.
$419,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.9% |
| 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
$117,024
LOAN DETAILS
$1,458
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,975 |
| Loan Amount | $314,925 |
3.33
YEARS SAVED
$11,352
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,922
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
906 E Beautiful Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,820
- $0.75
-
1205 E Milada Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 2004
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,625
- $0.69
-
1302 E Beth Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,800
- $0.83
-
112 E Milada Drive Phoenix, AZ 4
- 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004
LEASED 12/19/20- Rent
- Rent Per SQFT
- $1,850
- $0.79
-
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
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,000
- $0.85
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183747
Last Updated: 01/23/2021
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.
