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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $172.14
- 3 Days on Market
- MLS # : 6176072
- Updated Date : 01/01/2021 at 03:02
CONSTRUCTION
- Beds : 4
- Floor Size : 1,737 sqft
- Baths : 2 full , 1 half
Listing Agent
Emg Real Estate
Listing Agent's Description
You are going to love this absolutely charming home. Close to great schools & parks and only minutes from the I-10. The first thing you'll notice is the great curb appeal to the home. Step inside to an open floor plan with tile flooring through all the main living areas. Neutral color paint throughout and ceiling fans in all the right places. The kitchen has plenty of cabinet storage space & countertop space. Large back yard with covered patio, extended concrete patio area, shed, and plenty of room to play, relax, entertain, or even add a future swimming pool or spa. 4 sapacious bedrooms & 2 1/2 baths. This gem won't last long so hurry & come take a look before it's snatched up.
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PRICE & RENT TRENDS
Neighborhood: Durango Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Durango Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$214 | |
| Property Insurance | -$61 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$299,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.4% |
| 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
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
5.17
YEARS SAVED
$18,519
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,494
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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- $1,510
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LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,395
- $0.80
-
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LEASED 12/26/20- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
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LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,475
- $0.90
-
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![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.91
PROPERTY LISTING DETAILS
Emg Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176072
Last Updated: 01/01/2021
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.
