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INVESTimate
$345,900
List Price
$97,414
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $152.04
- 1 Days on Market
- MLS # : 6121833
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,275 sqft
- Baths : 3 full
Listing Agent
Kenneth James Realty
Listing Agent's Description
WOW, this beautiful home features almost 2300sf, 3 Bedrooms, 3 full bathrooms, plus a huge Den with a large home office area, perfect for the Buyer that is working from home. You will love the soaring vaulted ceilings and windows that make this home feel so open and airy. The kitchen has beautiful granite counters and almost new stainless appliances. The Master Bedroom is downstairs and has a tub and separate shower that has just been updated. Next to the den is a full bathroom and huge laundry room with a ton of storage and sink. The den could easily be made into a 4th Bedroom, gym or theater room. The upstairs features 2 bedrooms and a full bathroom. The backyard is truly any entertainer's dream! Enjoy the amazing Arizona fall and winter on the gigantic patio with 12 foot ceilings.
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PRICE & RENT TRENDS
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,490 |
EXPENSES | Loan Payment | -$1,276 |
Property Tax | -$290 | |
Property Insurance | -$72 | |
HOA | -$14 | |
Property Management Fees | -$99 | |
CASH FLOW
-$261
|
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.
$345,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 5.15% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,414
LOAN DETAILS
$1,276
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $86,475 |
Loan Amount | $259,425 |
1.67
YEARS SAVED
$4,472
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$1,621
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Kenneth James Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121833
Last Updated: 08/26/2020

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.