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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $274.05
- 1 Days on Market
- MLS # : 6182168
- Updated Date : 01/17/2021 at 01:24
CONSTRUCTION
- Beds : 3
- Floor Size : 2,335 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
NEW LISTING... This home features 1.38 acres of horse property NO HOA, with mature desert landscaping and trees on a water drip system. Bring all your toys the entire backyard is fenced and offers 3 RV gates for all your boats, Razors, ATV's, trailers, RVs and horses. The outside also features storage units, ramadas to store all your toys and avoid sun damage, it even has a dog house. Extended patio to enjoy the beautiful sunrise and sunsets from your backyard. The inside of the home features 2,335 square feet with a 3 bedroom/2 bath plus Den and a 4 car with ductwork installed garage. The home features a split bedroom plan with the Master Bedroom featuring an office space or nursery spot and a private entrance door from the carport. The master bath features a separate shower and tub,
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PRICE & RENT TRENDS
Zip Code: 85383
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85383
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$2,223 |
| Property Tax | -$440 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$785
|
||
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.
$639,900
PROJECTED PRICE
$2,050
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$175,324
LOAN DETAILS
$2,223
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $159,975 |
| Loan Amount | $479,925 |
0.33
YEARS SAVED
$318
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
-
$1,886
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/07/20- Rent
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- $1,550
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LEASED 03/02/20- Rent
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- $1,900
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- 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 2015
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,950
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10814 W Avenida Del Rey -- Peoria, AZ 5
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LEASED 01/07/21- Rent
- Rent Per SQFT
- $2,150
- $0.90
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182168
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
