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PROPERTY INFO
FACTS
- Single Family
- Built In 1913
- Price/Sqft : $316.04
- 2 Days on Market
- MLS # : 6194090
- Updated Date : 02/13/2021 at 20:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,294 sqft
- Baths : 2 full , 1 half
Listing Agent
Brokers Hub Realty, Llc
Listing Agent's Description
Per the State Historic Preservation Inventory,''Architecturally, the house is one of the best examples of a Craftsman Bungalow in Phoenix''.Clinker brick details strike you as you walk up to the front porch. Enter into another era with the original wood work in the living and dining rooms, stone fireplace flanked by leaded glass built-ins matching the dining room built-in. Plate and picture moldings adorn the walls and a window seat beckons from under large original windows. The picture railing continues through all three bedrooms. The primary bedroom has rare double closets (one walk in) and the hall bath has a claw foot slipper tub. There's great storage in the butler's pantry and easily accessible basement.The guest house has it's own kitchen, bath, and has great space w vaulted ceiling
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PRICE & RENT TRENDS
Neighborhood: Roosevelt
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Roosevelt
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$387 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$536
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$725,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
2
YEARS SAVED
$9,504
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
-
$3,510
COMP ESTIMATED VALUE -
$1.53
COMP AVG. RENT PER SQFT
Comps Range
-
92 W Lynwood Street Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1913 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1913
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1421 E Garfield Street Phoenix, AZ 2
- 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1929 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1929
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,800
- $1.26
-
630 N 4th Avenue Phoenix, AZ 3
- 5 beds 3 baths ∙ 2,115 Sqft ∙ Built 1909 5 beds 3 baths ∙ 2,115 Sqft ∙ Built 1909
LEASED 10/01/20- Rent
- Rent Per SQFT
- $3,800
- $1.80
PROPERTY LISTING DETAILS
Brokers Hub Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194090
Last Updated: 02/13/2021
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.
