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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $226.52
- 3 Days on Market
- MLS # : 6157031
- Updated Date : 11/06/2020 at 07:59
CONSTRUCTION
- Beds : 2
- Floor Size : 1,938 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Stunning home with upgrades throughout! Floor plan features 2 split bedrooms plus a den. Kitchen and baths have been beautifully updated. Kitchen features quartz counters, island with table & cabinets, built-in counter height hutch, tile back splash, stainless appliances & walk-in pantry. Huge master suite has his & hers sinks with lots of quartz counters, new tiled shower with glass surround, garden tub & walk in closet with built in's. 2nd bath is also updated with tiled shower & quartz counters. Paradise back yard with sparkling pool, waterfall, large covered patio & extra patios. Tons of storage with built-in cabinets in both the laundry room & garage. Springfield is a gated community with 2 pools, spa, golf course, tennis, pickle ball, gym, bar/grill & tons of activities.
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PRICE & RENT TRENDS
Neighborhood: Springfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Springfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,620 |
| Property Tax | -$313 | |
| Property Insurance | -$65 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$96
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$439,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$122,085
LOAN DETAILS
$1,620
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
4.5
YEARS SAVED
$23,165
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
-
$2,204
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/06/20- Rent
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- $1,825
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- 2 beds 2 baths ∙ 1,617 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,617 Sqft ∙ Built 1996
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,000
- $1.24
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10819 E Bellflower Drive Chandler, AZ 4
- 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,833 Sqft ∙ Built 1989
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,250
- $1.23
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11017 E San Tan Boulevard Sun Lakes, AZ 5
- 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989 2 beds 2 baths ∙ 2,241 Sqft ∙ Built 1989
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.12
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157031
Last Updated: 11/06/2020
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.
