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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $243.45
- 3 Days on Market
- MLS # : 6169606
- Updated Date : 12/11/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,680 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Come see this nicely remodeled 3 bed 2 bath home with a heated pool/spa, private backyard and great mountain views!! This open layout has newer luxury vinyl wood floors, updated fixtures and an entertainers open kitchen with stainless steel appliances and slab granite!! This split floorplan has alot to offer in the Foothills just minutes from everything, shopping, dining, schools and the 202 freeway. The garage is also wired for charging your Tesla/ electric cars.
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PRICE & RENT TRENDS
Neighborhood: Crimson Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Crimson Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,509 |
| Property Tax | -$291 | |
| Property Insurance | -$60 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$95
|
||
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.
$409,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.6% |
| 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
$114,135
LOAN DETAILS
$1,509
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,250 |
| Loan Amount | $306,750 |
4.25
YEARS SAVED
$19,694
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
-
$1,869
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
913 E Verbena Drive Phoenix, AZ 1
- 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $0
- $0.00
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1401 E Sapium Way Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,920
- $1.08
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1402 E Cathedral Rock Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,950
- $1.11
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1018 E Hiddenview Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1996
LEASED 11/15/19- Rent
- Rent Per SQFT
- $2,100
- $1.08
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1413 E Goldenrod Street Phoenix, AZ 5
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1993
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.18
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169606
Last Updated: 12/11/2020
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.
