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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $177.70
- 5 Days on Market
- MLS # : 6171203
- Updated Date : 01/13/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,054 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
The most stunning, upgraded 4 bed 2.5 bath with a loft that you'll find on market, don't wait! Upon entering this two-story home, arch ways, gorgeous tile, modern paint pallet, and open concept floor plan greet you. Past the formal living room & dining area is the large family room and kitchen combo. Cozy chef's kitchen boasts an island, tons of cabinetry, a breakfast nook and a view of the backyard! All secondary bedrooms are located upstairs along with a relaxing loft that is perfect for a media room or second family room! Master bedroom retreat is perfect for any style of living with large viewing windows, double door entry, and an attached spa like master bathroom. Backyard oasis was made for entertaining with, a covered patio, fenced in sparkling blue pool!
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PRICE & RENT TRENDS
Neighborhood: Granite Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Granite Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$198 | |
| Property Insurance | -$67 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$143
|
||
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.
$365,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.1% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
7.58
YEARS SAVED
$35,167
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,669
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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11940 N 89th Drive Peoria, AZ 5
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9250 W Gary Road Peoria, AZ 1
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LEASED 09/01/19- Rent
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- $1,550
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9208 W Cholla Street Peoria, AZ 2
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LEASED 05/22/20- Rent
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- $1,595
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-
8916 W Paradise Drive Peoria, AZ 3
- 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 1998
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,650
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-
11972 N 85th Avenue Peoria, AZ 4
- 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.85
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171203
Last Updated: 01/13/2021
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.
