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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $200.88
- 3 Days on Market
- MLS # : 6164858
- Updated Date : 12/05/2020 at 23:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,588 sqft
- Baths : 2 full , 1 half
Listing Agent
Go Arizona Homes
Listing Agent's Description
This is a beautiful cozy home in a great neighborhood close to highway access and shopping. Nice and bright with beautiful laminate wood floors throughout the main level. Stair-stepped upgraded cabinets. Gorgeous granite counters with stone backsplash. Upgraded SS appliances. Walk in pantry with storage behind and under stairs. Powder room downstairs. All 3 bedrooms are upstairs and have plush carpeting & ceiling fans. Spacious master with plenty of closet space, and a double vanity. Laundry is conveniently located upstairs. The lovely brick paver courtyard has a wonderful retractable awning. Soft water system, insulated garage door. Close to schools, shopping and the loop 202.
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PRICE & RENT TRENDS
Neighborhood: Cooley Station North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cooley Station North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$218 | |
| Property Insurance | -$58 | |
| HOA | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$122
|
||
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.
$319,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
3.42
YEARS SAVED
$10,639
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,648
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2006
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- $1,700
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LEASED 09/19/20- Rent
- Rent Per SQFT
- $1,750
- $1.10
PROPERTY LISTING DETAILS
Go Arizona Homes
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164858
Last Updated: 12/05/2020
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.
