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INVESTimate
$350,000
List Price
$98,500
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $160.70
- 1 Days on Market
- MLS # : 6122231
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 5
- Floor Size : 2,178 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Move in ready! beautiful two story home fresh coat of paint, inside & out, new windows. Downstairs bedroom & full bath, new tile floor, great for visiting guests. Open concept floor plan eat-in kitchen with recessed lighting, large pantry w/plenty of lighting, storage closet under the stairs. Upstairs includes 4 bedrooms & 2 full baths. Brand new bamboo flooring in the large expanded loft, hallway and bedroom with his & her walk-in closets, plenty of storage and lighting. Luxurious upstairs bath fully remodeled with separate shower/large tub, quartz counter top, tile flooring, new copper sinks & faucets. French doors lead to upstairs back patio. Beautiful backyard with full grown fruit trees, large pergola over sitting area of pavers.
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PRICE & RENT TRENDS
Neighborhood: Canyon Ridge West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Ridge West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,430 |
EXPENSES | Loan Payment | -$1,291 |
Property Tax | -$215 | |
Property Insurance | -$70 | |
HOA | -$68 | |
Property Management Fees | -$99 | |
CASH FLOW
-$313
|
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.
$350,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.35% |
Appreciation Year (1-5) | 8.53% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.24% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $87,500 |
Loan Amount | $262,500 |
1.5
YEARS SAVED
$3,418
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122231
Last Updated: 08/26/2020

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.