Property Analysis for 1638 W North Ln, Phoenix, AZ 85021

Long-Term Rental Analysis

1638 W North Ln, Phoenix, AZ 85021

$245,000 • 3 beds • 1 baths • 1000 sqft

This property looks like a bad Long-Term investment with a projected -6.46% first-year return on $51,450 initial cash invested.

Cash On Cash

-6.46%

Cap Rate

5.11%

Rent

$1,520

Cashflow

-$277

Rent Confidence: High

Annual

$18,240

Median

$1,545

Avg

$1,521

Samples

Financing

Purchase Price $245k

Downpayment 20.0%

Interest Rate 6.5%

Mortgage Duration 30yr.

Cash To Invest

Total $51,450

Downpayment 20% $49,000

Closing costs 1% $2,450

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $1,520

Total Expenses $1,797

Mortgage P&I 82% $1,244

Property Taxes 5% $72

Home Insurance 6% $86

PManagement 10% $152

CapEx 5% $76

Vacancy 6% $91

Maintenance 5% $76

Other 0% $0

Google Maps with the subject property comparables is loading...

#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	1630 W Ironwood Dr, Phoenix, AZ 85021	$1750	3	1	1024	0.4 mi
2	1524 W Sahuaro Dr, Apt D, Phoenix, AZ 85029	$1399	3	1	900	0.3 mi
3	10021 N 16th Dr, Phoenix, AZ 85021	$1545	3	1	1144	0.3 mi
4	1524 W Sahuaro Dr, Apt A, Phoenix, AZ 85029	$1099	3	1	850	0.3 mi
5	1524 W Sahuaro Dr, Apt C, Phoenix, AZ 85029	$1099	3	1	850	0.3 mi
6	1520 W Sahuaro Dr, Apt A, Phoenix, AZ 85029	$1499	3	1	850	0.3 mi
7	1520 W Sahuaro Dr, Apt D, Phoenix, AZ 85029	$1199	3	1	850	0.3 mi
8	11626 N 21st Dr, Phoenix, AZ 85029	$1649	3	1.5	1150	0.9 mi
9	10244 N 18th Ave, Phoenix, AZ 85021	$1695	3	1.5	1292	0.2 mi
10	2130 W Cortez St, Phoenix, AZ 85029	$1700	3	2	1092	0.9 mi
11	9424 N 6th Ave, Phoenix, AZ 85021	$1950	3	1	1525	1 mi
12	9819 N 18th Ave, Phoenix, AZ 85021	$1715	3	1.5	1476	0.4 mi
13	11041 N 17th Dr, Phoenix, AZ 85029	$1585	3	2	1304	0.4 mi
14	9445 N 9th Ave, Phoenix, AZ 85021	$1499	3	2	1273	0.9 mi
15	1508 W Sahuaro Dr, Apt 1, Phoenix, AZ 85029	$1395	2	1	900	0.3 mi
16	1402 W Vogel Ave, Phoenix, AZ 85021	$1795	3	2	1420	0.6 mi
17	1741 W Eva St, Phoenix, AZ 85021	$1800	3	2	1404	0.9 mi
18	2117 W Poinsettia Dr, Phoenix, AZ 85029	$1910	3	2	1409	1 mi
19	1215 W Vogel Ave, Phoenix, AZ 85021	$1500	2	1	814	0.7 mi
20	915 W Desert Cove Ave, Phoenix, AZ 85029	$2095	3	2	1646	0.7 mi
21	11002 N 15th Ave, Apt 2, Phoenix, AZ 85029	$1250	2	2	1017	0.4 mi
22	1638 W Desert Cove Ave Apt C, Phoenix, AZ 85029	$1048	2	1	725	0.3 mi
23	1638 W Desert Cove Unit Ave Apt C, Phoenix, AZ 85029	$1048	2	1	725	0.3 mi
24	9441 N 9th Ave, Phoenix, AZ 85021	$1795	2	1	748	0.9 mi
25	1703 W Mountain View Rd, Apt 4, Phoenix, AZ 85021	$995	2	1	700	0.5 mi

Projections