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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $187.06
- 3 Days on Market
- MLS # : 6184697
- Updated Date : 01/22/2021 at 22:22
CONSTRUCTION
- Beds : 4
- Floor Size : 1,924 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this single level home in gated Western Enclave! Tile in the main living areas and carpet in the bedrooms. Open floorplan with lots of natural light throughout. The kitchen features granite countertops with a breakfast bar, a walk in pantry, and stainless steel appliances including a gas range. The primary bedroom has an ensuite bathroom with dual sinks and a huge walk in closet. The backyard has a covered patio, artificial grass area, and storage shed. Vacant and ready for viewing, come see!
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PRICE & RENT TRENDS
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maryvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$223 | |
| Property Insurance | -$65 | |
| HOA | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$234
|
||
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.
$359,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.8% |
| 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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
2.08
YEARS SAVED
$4,842
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,525
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
9415 W Willow Bend Lane Phoenix, AZ 2
- 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,520
- $0.79
-
9233 W Mackenzie Drive Phoenix, AZ 1
- 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,375
- $0.80
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4701 N 91st Lane Phoenix, AZ 3
- 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,550
- $0.79
-
9328 W Pasadena Avenue Glendale, AZ 4
- 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.77
-
9202 W Coolidge Street Phoenix, AZ 5
- 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.81
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184697
Last Updated: 01/22/2021
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.
