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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $116.21
- 3 Days on Market
- MLS # : 6177638
- Updated Date : 01/08/2021 at 22:47
CONSTRUCTION
- Beds : 5
- Floor Size : 3,442 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
Absolutely gorgeous cul-de-sac home with tons of on-trend features and updates! The gourmet eat-in kitchen incorporates painted cabinetry with pulls, marble look counters, breakfast bar, stainless appliances, walk-in pantry, butler's pantry, and a built-in desk area with mosaic tile backsplash. Other features include LVT flooring, 16in porcelain tile flooring, upgraded fans and light fixtures, family room with entertainment wall, and a 3 car garage with new opener. The master suite offers a private balcony, walk-in closet, and a full bathroom with dual sinks with new faucets, soaker tub, and a walk-in shower. The backyard has a massive extended covered patio, misting system, faux grass lawn, and low maintenance landscaping!
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PRICE & RENT TRENDS
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$213 | |
| Property Insurance | -$94 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$85
|
||
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.
$400,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.7% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
6.58
YEARS SAVED
$31,614
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.56
LIST RENT PER SQFT
-
$1,893
COMP ESTIMATED VALUE -
$0.55
COMP AVG. RENT PER SQFT
Comps Range
-
1299 E Catino Court San Tan Valley, AZ 1
- 5 beds 3 baths ∙ 3,442 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,442 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,930
- $0.56
-
708 W Reeves Avenue San Tan Valley, AZ 2
- 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,625 Sqft ∙ Built 2009
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,995
- $0.55
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177638
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
