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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $148.15
- 3 Days on Market
- MLS # : 6167720
- Updated Date : 12/04/2020 at 13:31
CONSTRUCTION
- Beds : 4
- Floor Size : 3,780 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Gorgeous single level home with impressive foyer and 12 foot ceilings throughout. Foyer opens to a luxurious backyard with the double sliders. Large upgraded kitchen has gas range, quartz counter tops, beautiful cabinets with plenty of storage, plus breakfast bar and eat in kitchen. Oversized family room with beautiful windows overlooking the spacious backyard. Den/office has double doors. Large master suite with built in storage in closet and large master bath with separate Jacuzzi tub and walk in large shower and double sinks. 2 bedrooms share a Jack n Jill bathroom with separate vanities. Huge 3 car garage. Back yard includes R/V gate and fruit trees and garden. This yard is made entertaining w/massive covered patio, pergola and large resort style pavers with built in BBQ and fire pit.
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PRICE & RENT TRENDS
Neighborhood: Dreaming Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dreaming Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,910 |
| EXPENSES | Loan Payment | -$2,066 |
| Property Tax | -$354 | |
| Property Insurance | -$101 | |
| HOA | -$176 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$114
|
||
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.
$560,000
PROJECTED PRICE
$2,910
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| 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
$154,150
LOAN DETAILS
$2,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $140,000 |
| Loan Amount | $420,000 |
6.25
YEARS SAVED
$47,504
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,910
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$3,667
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/13/20- Rent
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- $4,500
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PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167720
Last Updated: 12/04/2020
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.
