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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $174.78
- 4 Days on Market
- MLS # : 6175984
- Updated Date : 01/01/2021 at 17:43
CONSTRUCTION
- Beds : 4
- Floor Size : 2,288 sqft
- Baths : 2 full
Listing Agent
Re/max Desert Showcase
Listing Agent's Description
Prepare to be amazed! Come and see this wonderful 4 bed, 2 bath property now for sale in Phoenix! A beautiful facade, desert landscaping, 3 car garage, this home has it all and more! The lavish interior features large dining and living areas with vaulted ceilings, as well as plantation shutters throughout. The fabulous kitchen is comprised of ample cabinetry with granite & tile countertops, a pantry, high-end appliances, and an island with a breakfast bar that overlooks into the family room. The beautiful custom brick wall in family room makes for great cozy evenings. Inside the grandiose master bedroom you will find a spacious walk-in closet and a full bath with double sinks, not to mention separate tub and shower.
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PRICE & RENT TRENDS
Neighborhood: Citrus Mountain Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Citrus Mountain Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$260 | |
| Property Insurance | -$72 | |
| HOA | -$39 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$205
|
||
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.
$399,900
PROJECTED PRICE
$1,740
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.0% |
| 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
$111,724
LOAN DETAILS
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
3.17
YEARS SAVED
$12,132
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
-
$1,808
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
9814 S 26th Lane Phoenix, AZ 1
- 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
9410 S 34th Lane Laveen, AZ 2
- 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,595
- $0.75
-
9431 S 33rd Drive Laveen, AZ 3
- 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2008
LEASED 08/05/19- Rent
- Rent Per SQFT
- $1,650
- $0.83
-
3336 W Hayduk Road Laveen, AZ 4
- 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2016
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.85
-
3411 W Hayduk Road Laveen, AZ 5
- 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017
LEASED 11/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.73
PROPERTY LISTING DETAILS
Re/max Desert Showcase
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175984
Last Updated: 01/01/2021
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.
