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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $328.49
- 2 Days on Market
- MLS # : 6196958
- Updated Date : 02/20/2021 at 04:04
CONSTRUCTION
- Beds : 2
- Floor Size : 1,032 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
HURRY! This freshly renovated 2bedroom, 2 bathroom home is move-in ready! This is a total remodel. All new kitchen including new - cabinets, quartz counters, appliances, backsplash, sink & faucet. All new doors, flooring, baseboards, vanities, toilet, mirrored closet doors, faucets, hardware, ceiling fans, lighting and more! Garage has a new epoxy coating and laundry room has a new valve box. Exterior and interior paint is all new including the perimeter fence. A/C has just been tuned up and all electric switches & outlets have been replaced. New landscaping includes artificial grass, new irrigation valve and plants. Hot tub is less than 3 years old and conveys with the home. Bring your toys! NO HOA! Concrete slab on the side of the home for your Boat, RV or trailer. All of this and more
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PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$214 | |
| Property Insurance | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$297
|
||
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.
$339,000
PROJECTED PRICE
$1,240
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
1.5
YEARS SAVED
$2,683
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$1,238
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
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- 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1985
LEASED 07/10/20- Rent
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- $1,395
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LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,400
- $1.15
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196958
Last Updated: 02/20/2021
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.
