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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $189.80
- 3 Days on Market
- MLS # : 6187423
- Updated Date : 01/29/2021 at 22:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,450 sqft
- Baths : 2 full
Listing Agent
Success Property Brokers
Listing Agent's Description
STOP THE CAR!! This home has it all....4br/2ba + Media/Den + Office/Craft Room. Murphy-bed and builtin book shelves stay. PLUS-Corian kitchen counters....Refrigerator, washer/dryer included. Gorgeous southern exposure back yard complete with expanded patio, diving pool, spa and commercial quality shade sail. Don't forget the ''over the top'' 7.6KW solar system that includes a 19.4Kwh storage battery that was part of a special APS Solar Innovation Study-75 which included an updated 16seer HVAC unit. Roof replaced in 2011.
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PRICE & RENT TRENDS
Neighborhood: Desert Bell Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Bell Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$293 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$42
|
||
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.
$465,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.2% |
| 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
$128,975
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
5.08
YEARS SAVED
$24,054
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,076
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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- $1,950
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- 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1988
LEASED 08/20/20- Rent
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- $1,950
- $0.83
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.93
PROPERTY LISTING DETAILS
Success Property Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187423
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
