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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $342.99
- 2 Days on Market
- MLS # : 6203398
- Updated Date : 03/07/2021 at 01:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,624 sqft
- Baths : 2 full , 1 half
Listing Agent
Call Realty, Inc.
Listing Agent's Description
MODERN CUSTOM HOME designed by renowned Architect Hugh Knoell, located on large lot near PHX Mtn Preserve. Fabulous LIGHT OPEN FLOOR PLAN with HIGH CEILINGS and EXPANASIVE GLASS to Pool and Desert Oasis. Home is fully remodeled and upgraded in last 4 years. Nothing has been left undone. Located on private cul-de-sac of custom homes. 4 bedroom, 2.5 baths. Large downstairs split owner's suite. Cool scored concrete floors! Kitchen with built-in 48'' Thermador Professional refrigerator, Italian Bertazzoni full induction range & huge quartz island will delight any chef. The striking design of this one-of-a kind home is like no other. Incredible, breathtaking VIEWS of Piestewa Peak from entire main living area and master bedroom. Amazing modern shed with high ceiling could be your private studio
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PRICE & RENT TRENDS
Neighborhood: Questo Quatro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Questo Quatro
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$3,126 |
| Property Tax | -$567 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,280
|
||
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.
$900,000
PROJECTED PRICE
$2,590
PROJECTED RENT
0.29%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$244,250
LOAN DETAILS
$3,126
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $225,000 |
| Loan Amount | $675,000 |
0.17
YEARS SAVED
$89
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
-
$2,843
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
9635 N 25th Place Phoenix, AZ 1
- 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1502 E Dunlap Avenue #10 Phoenix, AZ 2
- 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2012
LEASED 11/07/20- Rent
- Rent Per SQFT
- $2,095
- $0.88
-
2265 E Becker Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.99
-
9046 N 28th Street Phoenix, AZ 4
- 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 1974
LEASED 10/13/19- Rent
- Rent Per SQFT
- $4,000
- $1.38
PROPERTY LISTING DETAILS
Call Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203398
Last Updated: 03/07/2021
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.
