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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $263.73
- 5 Days on Market
- MLS # : 6186128
- Updated Date : 01/27/2021 at 19:44
CONSTRUCTION
- Beds : 2
- Floor Size : 1,384 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
This Popular RIVAS floorplan is situated on a large corner lot with Mountain views and space for privacy. The great room and split floorplan makes the home feel bigger than it is but easy to maintain. The kitchen is complete with brand new cabinets, stainless steal appliances, pendant lights, gas range, and pantry for plenty of storage. There is 18 inch tile throughout with carpet in the bedrooms. The main room has two huge windows and a glass slider that makes the room bright and you can enjoy the beautiful backyard. The master is complete with a walk-in closet and dual sinks. The 2nd bedroom is on the other side of the home for privacy for your guests and is extended 2 feet. The backyard has an extended patio with pavers, built in speakers, and low maintenance landscape.
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PRICE & RENT TRENDS
Neighborhood: Trilogy at Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trilogy at Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$366 | |
| Property Insurance | -$54 | |
| HOA | -$86 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$26
|
||
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.
$365,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.3% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
5.25
YEARS SAVED
$20,015
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,540
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.07
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LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,800
- $1.10
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27582 N 129th Lane Peoria, AZ 4
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,800
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27662 N Makena Place Peoria, AZ 5
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![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,000
- $1.18
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186128
Last Updated: 01/27/2021
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.
