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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $150.09
- 4 Days on Market
- MLS # : 6186880
- Updated Date : 01/29/2021 at 23:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,232 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
This is it, the house you have been looking for! This well cared for, updated 4 bedroom 2.5 bath home with a loft and a POOL in Litchfield School District!This home has been well cared for and updated. Newer laminate flooring throughout the first floor, living room, dining room, kitchen, eat in kitchen and family room. Newer carpets upstairs in the bedrooms and loft area. Both bathtubs and showers have been updated recently as well as the upstairs guest bathroom vanity. Backyard has a pool for those hot Arizona days, grass and a great patio to relax. Solar on this home to help with those electric bills! This will go fast! Don't wait!
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PRICE & RENT TRENDS
Neighborhood: Rancho Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$212 | |
| Property Insurance | -$71 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$30
|
||
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.
$335,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
5.17
YEARS SAVED
$17,663
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,652
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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12918 W Monte Vista Road Avondale, AZ 3
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- Rent
- Rent Per SQFT
- $1,530
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13119 W Sheridan Street Goodyear, AZ 1
- 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1995
LEASED 02/29/20- Rent
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- $1,495
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- 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,500
- $0.74
-
12755 W Alvarado Road Avondale, AZ 4
- 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,550
- $0.76
-
12730 W Desert Rose Road Avondale, AZ 5
- 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,695
- $0.76
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186880
Last Updated: 01/29/2021
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.
