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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $166.00
- 5 Days on Market
- MLS # : 6160914
- Updated Date : 11/17/2020 at 19:57
CONSTRUCTION
- Beds : 4
- Floor Size : 1,988 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Northwest
Listing Agent's Description
WELCOME TO MARLEY PARK! This is a gorgeous two-story, 4 bedroom home in the highly sought after community of Marley Park. This floor plan leaves nothing to be desired with the master bedroom located downstairs, a large family room, dining area directly off the kitchen and large, gracious entryway. This home comes with a beautiful, easily maintained backyard with built in fire-pit. Perfect for family gatherings or chilly winter nights. A brand new smart thermostat, ring doorbell and reverse osmosis system add the security and comfort to your new home. Also, enjoy all the amenities of living in this community. GORGEOUS heated community pool, the luxurious clubhouse and plenty of parks and play areas for the family. You won't want to miss out on this one!
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PRICE & RENT TRENDS
Neighborhood: Marley Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marley Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$274 | |
| Property Insurance | -$66 | |
| HOA | -$117 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$314
|
||
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.
$330,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.4% |
| 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
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
1.08
YEARS SAVED
$1,666
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,536
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
12956 N 154th Lane Surprise, AZ 1
- 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $0.73
-
12860 N 154th Lane Surprise, AZ 2
- 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 2005
![property image]()
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,575
- $0.79
-
12642 N 150th Lane Surprise, AZ 3
- 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2004
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,600
- $0.74
-
15047 W Windrose Drive Surprise, AZ 4
- 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2003
![property image]()
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,665
- $0.77
-
15346 W Laurel Lane Surprise, AZ 5
- 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2003
![property image]()
LEASED 03/17/20- Rent
- Rent Per SQFT
- $1,695
- $0.79
PROPERTY LISTING DETAILS
Century 21 Northwest
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160914
Last Updated: 11/17/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
