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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $222.14
- 3 Days on Market
- MLS # : 6184609
- Updated Date : 01/22/2021 at 22:31
CONSTRUCTION
- Beds : 2
- Floor Size : 1,283 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Your home sweet home is here! Wonderful single level home with 2 car garage is perfect for you! Enjoy privacy & secluded feel on this fantastic location at Corte Bella community. Starting with the gated courtyard with lighted columns, privacy wall, flagstone design floor, decorator security door, plantation shutters throughout and so much more. Charming kitchen features matching appliances, oak cabinetry with crown moldings, and an island with breakfast bar. The lovely master bedroom features its own private bath with a spacious walk-in closet. Out the back, the extended gated patio features a built-in planter box, green lush turf area and privacy screen. Built-in cabinets in garage. Gated community, near restaurants and more. What are you waiting for? Call now as this won't last long!
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PRICE & RENT TRENDS
Neighborhood: Corte Bella Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Corte Bella Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$262 | |
| Property Insurance | -$52 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$264
|
||
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.
$285,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
9.67
YEARS SAVED
$40,187
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.33
LIST RENT PER SQFT
-
$1,543
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
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- $1,710
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22446 N San Ramon Drive Sun City West, AZ 1
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- $1,600
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,600
- $1.18
-
22224 N Arrellaga Drive Sun City West, AZ 3
- 2 beds 2 baths ∙ 1,351 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,351 Sqft ∙ Built 2004
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,700
- $1.26
-
12930 W Micheltorena Drive Sun City West, AZ 5
- 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 2005
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,800
- $1.12
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184609
Last Updated: 01/22/2021
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.
