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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $99.93
- 3 Days on Market
- MLS # : 6175497
- Updated Date : 01/09/2021 at 16:02
CONSTRUCTION
- Beds : 6
- Floor Size : 2,992 sqft
- Baths : 4 full
Listing Agent
R.o.i. Properties
Listing Agent's Description
Welcome home to this great Richmond American two story! There is a good size formal living area and six - Count them - SIX!!! - spacious bedrooms including one bedroom and a full bathroom downstairs. The big family room is adjacent to an open concept gourmet kitchen with island, solid surface countertops, gas cooktop, double ovens, walk-in pantry, and plenty of cabinets. The rear yard is a blank canvas for that creative landscaping you have always wanted.
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PRICE & RENT TRENDS
Neighborhood: Farmington Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Farmington Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$238 | |
| Property Insurance | -$85 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$405
|
||
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.
$299,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| 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
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
12.17
YEARS SAVED
$56,722
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
-
$1,765
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
-
10128 W Marguerite Avenue Tolleson, AZ 1
- 6 beds 4 baths ∙ 2,992 Sqft ∙ Built 2015 6 beds 4 baths ∙ 2,992 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3417 S 96th Drive Tolleson, AZ 2
- 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,874 Sqft ∙ Built 2005
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,700
- $0.59
PROPERTY LISTING DETAILS
R.o.i. Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175497
Last Updated: 01/09/2021
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.
