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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $158.52
- 2 Days on Market
- MLS # : 6159151
- Updated Date : 11/28/2020 at 18:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,517 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
This home has all the options! Highly upgraded and well taken care of. You will find that this home has so many features to make it a fabulous home. 4 bedrooms + a den (that can be converted to a 5th bedroom). 3 full bathrooms, coffered ceilings, 42'' cabinets, large granite island, extra led lighting (and wired for pendants) & pull out shelves in the kitchen. 2 tone paint, tandem garage complete with built in shelving. The laundry room, main bedroom closet & entry nook have cabinets that were added. Nicely landscaped backyard, artificial turf and desert landscape complete w/ a view of the white tank mountains in the distance. With no direct neighbors behind you, this is a very private yard. Storage galore within the tech closet (use as pantry, sm office, etc) in the center of the home .
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PRICE & RENT TRENDS
Neighborhood: Pine
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pine
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$284 | |
| Property Insurance | -$76 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$227
|
||
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.
$399,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.4% |
| 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
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
2.58
YEARS SAVED
$9,679
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,007
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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- $2,250
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PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159151
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.
