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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $206.78
- 1 Days on Market
- MLS # : 6165692
- Updated Date : 11/28/2020 at 21:41
CONSTRUCTION
- Beds : 3
- Floor Size : 2,007 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
This home located in the Da Vinci Courtyards gated community with private street at the foot of South Mountain could be yours today!! The immaculate interior has an L-shaped great room with tons of natural light giving you a warm and inviting feeling. Awesome kitchen includes island for prep & breakfast bar, staggered cabinets, walk-in pantry, quartz counters, and stainless steel appliances. Upstairs you will find a nice size loft perfect for an entertainment area. Spacious master suite offers walk-in closet for all your belongings and beautiful bath comprised of dual sink vanity, step-in shower, and another walk-in closet for extra storage. Enjoy Arizona's breath-taking sunsets while relaxing under the covered patio.
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PRICE & RENT TRENDS
Neighborhood: Da Vinci Courtyards
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Da Vinci Courtyards
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$270 | |
| Property Insurance | -$66 | |
| HOA | -$176 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$522
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$415,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 3.00% |
| 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
$111,975
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
0.33
YEARS SAVED
$324
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,761
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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9908 S 3rd Avenue Phoenix, AZ 1
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LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,475
- $0.84
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8224 S 6th Lane Phoenix, AZ 3
- 4 beds 4 baths ∙ 1,994 Sqft ∙ Built 2016 4 beds 4 baths ∙ 1,994 Sqft ∙ Built 2016
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LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
9002 S 10th Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2005
![property image]()
LEASED 08/20/19- Rent
- Rent Per SQFT
- $1,899
- $0.94
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123 E Beth Drive Phoenix, AZ 5
- 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,000
- $0.85
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165692
Last Updated: 11/28/2020
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.
