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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $150.97
- 2 Days on Market
- MLS # : 6174326
- Updated Date : 12/26/2020 at 09:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,954 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Looking for a new place to call home? You've found it! This wonderful 3 bed, 2.5 bath home has NEW Vinyl flooring in all the right places with a 2 car garage. Interior features a large dining and living area, neutral paint throughout, and a lovely kitchen comprised of ample cabinet and counter space with a pantry, matching appliances, and track lighting. Inside the HUGE master bedroom you will find vaulted ceilings, a spacious walk-in closet, and a full bath with a dual vanity perfect for couples! Kids rooms are oversized as well with plenty of closet space. This home also includes a cozy backyard with a covered patio and tons of potential for customization, this home simply has a lot to offer. Don't waste any time and schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Merrill Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$131 | |
| Property Insurance | -$65 | |
| HOA | -$69 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$158
|
||
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.
$295,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.7% |
| 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
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
8.33
YEARS SAVED
$37,997
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
-
$1,729
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,948 Sqft ∙ Built 2003
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- Rent Per SQFT
- $1,600
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PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174326
Last Updated: 12/26/2020
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.
