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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $141.18
- 2 Days on Market
- MLS # : 6184819
- Updated Date : 01/23/2021 at 01:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,620 sqft
- Baths : 2 full , 1 half
Listing Agent
Superstars Realty
Listing Agent's Description
** DONT MISS OUT **Beautiful home on a corner lot in the desirable Cantada Ranch subdivision!! Downstairs features a bonus room to your left, as you come in to the home, it can be used as a bedroom or a home office. As you walk further in to your new home you are greeted with an open floor plan living room, dining room and kitchen with large white shaker cabinets and stainless steel appliances! Upstairs has four bedrooms and a HUGE loft! This home has plenty of space in the garage with THREE parking stalls and a roll up door to the backyard! The backyard is a blank slate for your imagination and has a covered patio to enjoy that perfect weather! Schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: Cantada Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cantada Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$276 | |
| Property Insurance | -$78 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$303
|
||
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.
$369,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.2% |
| 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
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
1.42
YEARS SAVED
$2,714
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
-
$1,696
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/29/20- Rent
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- $1,500
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- 5 beds 3 baths ∙ 2,573 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,573 Sqft ∙ Built 2007
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- $1,695
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LEASED 10/11/19- Rent
- Rent Per SQFT
- $1,799
- $0.62
PROPERTY LISTING DETAILS
Superstars Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184819
Last Updated: 01/23/2021
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.
