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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $199.80
- 3 Days on Market
- MLS # : 6181292
- Updated Date : 01/15/2021 at 14:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,502 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Amazing, completely updated 4 bedroom 3 bath home in the highly sought-after Pointe South Mountain community, located on Arizona Grand golf course! Conveniently close to the I-10 and 60. Home features modern, hardwood-look porcelain tile. Beautiful upgraded granite and backsplash in kitchen and bathrooms. Brand new white, soft-close shaker cabinets with stainless steel hardware. New stainless steel appliances. Amazing, spacious kitchen open to great room. Fully updated master and guest baths with modern, tiled showers and rain faucets. Every bedroom has walk-in closet, Master bedroom with 2 walk-ins. Brand new upgraded carpet. Dual pane windows. Backyard with beautiful golf course view. Community pool. New paint, and much more. Fabulous and luxurious Ahwatukee home that won't last long!
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PRICE & RENT TRENDS
Neighborhood: Ahwatukee Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ahwatukee Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$356 | |
| Property Insurance | -$76 | |
| HOA | -$132 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$79
|
||
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.
$499,900
PROJECTED PRICE
$2,320
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
4.25
YEARS SAVED
$20,028
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
-
$2,452
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
9439 S 51st Street Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6617 S Marilyn Ann Drive Tempe, AZ 2
- 5 beds 2 baths ∙ 2,421 Sqft ∙ Built 1985 5 beds 2 baths ∙ 2,421 Sqft ∙ Built 1985
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,195
- $0.91
-
4549 E Carmen Street Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 1984
LEASED 11/08/19- Rent
- Rent Per SQFT
- $2,200
- $0.93
-
663 W Fremont Drive Tempe, AZ 4
- 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 1999
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,200
- $1.01
-
4715 E La Mirada Way Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1994
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,900
- $1.07
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181292
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
