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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $211.51
- 2 Days on Market
- MLS # : 6187788
- Updated Date : 01/30/2021 at 18:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,364 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
This is your opportunity to own a gorgeous, single story, open layout concept home with beautiful upgrades and design features. Beautiful plank tile throughout the living spaces and bathrooms and upgraded carpet in the bedrooms. Recessed lighting and ceiling fans with two tone neutral paint throughout the home. A designer kitchen offers two walk in pantries, granite countertops, and spacious island. Built in cabinetry and custom doors create a wonderful home office. A fully landscaped backyard will provide lush grass and a pergola over a paved patio space. The home sits in a cul-de-sac within walking distance to the community pool and parks. Located in the NW Valley in the highly desirable Peoria School District.
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PRICE & RENT TRENDS
Neighborhood: Camino Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camino Lago
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$295 | |
| Property Insurance | -$73 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$244
|
||
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.
$500,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.9% |
| 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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
2.67
YEARS SAVED
$10,808
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,027
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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10025 W Angels Lane Peoria, AZ 3
- 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 2016
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- Rent Per SQFT
- $2,040
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9852 W Quail Avenue Peoria, AZ 1
- 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
- $0.85
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9881 W Melinda Lane Peoria, AZ 2
- 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,000
- $0.80
-
9983 W Los Gatos Drive Peoria, AZ 4
- 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 2016
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,050
- $0.86
-
9886 W Salter Drive Peoria, AZ 5
- 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2008
LEASED 12/08/20- Rent
- Rent Per SQFT
- $2,300
- $0.92
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187788
Last Updated: 01/30/2021
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.
