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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $229.14
- 3 Days on Market
- MLS # : 6176162
- Updated Date : 01/02/2021 at 23:42
CONSTRUCTION
- Beds : 2
- Floor Size : 2,138 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
GORGEOUS REMODEL in the prestigious GATED community of IronOaks. Huge DEN/OFFICE w/MASSIVE double FRENCH BARN DOORS. OPEN CONCEPT floorplan w/tons of NATURAL LIGHT, vaulted ceilings & skylights. Tastefully redesigned kitchen w/ISLAND, S/S appliances, breakfast bar, pantry, new QUARTZ countertops & white SHAKER STYLE cabinets w/ MATT BLACK hardware & stunning backsplash. New LUXURY VINYL PLANK flooring thru/out & upgraded carpet in bdrms., Master has 2 closets + private exit. Stunning new SHOWER SURROUND in master bath w/dual MARBLE topped vanities. New baseboards, plumbing & light fixtures thru/out + some PLANTATION SHUTTERS. EXTENDED PATIO w/ lush vegetation, raised bed planters & artificial TURF front & back for EZ maintenance-2 car + GOLF CART GARAGE & NEWER HVACS This home has it ALL!
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PRICE & RENT TRENDS
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,000 |
EXPENSES | Loan Payment | -$1,808 |
Property Tax | -$335 | |
Property Insurance | -$69 | |
HOA | -$30 | |
Property Management Fees | -$99 | |
CASH FLOW
-$340
|
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.
$489,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 5.8% |
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
$135,574
LOAN DETAILS
$1,808
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $122,475 |
Loan Amount | $367,425 |
2.17
YEARS SAVED
$8,112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,202
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176162
Last Updated: 01/02/2021

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.