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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $203.99
- 2 Days on Market
- MLS # : 6207433
- Updated Date : 03/20/2021 at 19:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,157 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Well maintained 3 car garage home on an oversized corner lot. Vaulted ceilings make this home feel so much larger. Open kitchen/family room floorplan. Kitchen has breakfast bar, double ovens & views of the backyard. Family room just off the kitchen has surround sound. Master has double door entry, patio exit door, walk in closet, double sinks, & separate tub/shower. 2 more bdr's + a den & one more bath. Backyard has extended covered patio w/Saltillo tile & wood pergola. Lush mature landscaping.
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PRICE & RENT TRENDS
Neighborhood: Parkridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkridge
* 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 | -$1,528 |
| Property Tax | -$303 | |
| Property Insurance | -$69 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$265
|
||
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.
$440,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$122,350
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
2.42
YEARS SAVED
$8,137
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,758
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2008
LEASED 09/19/20- Rent
- Rent Per SQFT
- $1,895
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LEASED 11/16/20- Rent
- Rent Per SQFT
- $2,000
- $0.87
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6207433
Last Updated: 03/20/2021
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.
