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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $187.41
- 3 Days on Market
- MLS # : 6180108
- Updated Date : 02/20/2021 at 19:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,161 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Here is that hard to find, spacious horse property with a pool located on just over an acre that you have been waiting for! Did we mention that the property is fully fenced and has a 2 car garage? You'll love this spacious floor plan, with 4 bedrooms, 2 bathrooms and has tons of natural light throughout with soaring ceilings. The gorgeous kitchen has custom cabinets, stainless steel appliances and a breakfast bar. The owner's suite features tons of space, with a large master bathroom that has a separate tub and shower and double sinks. Out back you'll find a fenced pool with a large baja step and is surrounded with travertine decking. The extended covered patio makes for great entertaining space. This oversized lot has tons of flatland to build whatever you like. Room for a shop, horse s
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PRICE & RENT TRENDS
Neighborhood: Estrella Dells
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella Dells
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,407 |
| Property Tax | -$268 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$147
|
||
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.
$405,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.6% |
| 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
$113,075
LOAN DETAILS
$1,407
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
7.42
YEARS SAVED
$37,417
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,118
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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12827 S Hermit Road Buckeye, AZ 2
- 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,990
- $0.92
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20808 W Kaibab Road Buckeye, AZ 1
- 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,550
- $0.73
-
13483 S 186th Drive Goodyear, AZ 3
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2006
LEASED 03/01/21- Rent
- Rent Per SQFT
- $1,995
- $1.08
-
13480 S 186th Drive Goodyear, AZ 4
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.13
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180108
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.
