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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $238.70
- 4 Days on Market
- MLS # : 6161610
- Updated Date : 11/26/2020 at 17:34
CONSTRUCTION
- Beds : 2
- Floor Size : 1,969 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Come make this your new HOME for the Holiday's! Tranquility awaits in this highly sought after 55+ community. The desirable floorplan offers space and ample room for all your needs. You have a grand master bedroom with a large shower, dual vanities and a huge walk in closet. The second bedroom is equipped with its own full bathroom. The open den is a blank slate for a home office, parlor or game room. Gorgeous marble looking tile is carried throughout and NEW carpet is in your den and secondary bedroom. The gourmet kitchen offers granite countertops, electric stove top, large island and even a walk in pantry. Don't forget to enjoy ALL the amenities Trilogy has to offer while being close enough to still enjoy the benefits of living near Lake Pleasant and Happy Valley!
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PRICE & RENT TRENDS
Neighborhood: Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,734 |
| Property Tax | -$379 | |
| Property Insurance | -$66 | |
| HOA | -$209 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$507
|
||
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.
$470,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$130,300
LOAN DETAILS
$1,734
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
0.5
YEARS SAVED
$945
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
-
$2,136
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/09/20- Rent
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- $1,695
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LEASED 06/19/20- Rent
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- $1,800
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29791 N 129th Drive Peoria, AZ 4
- 2 beds 2 baths ∙ 2,193 Sqft ∙ Built 2009 2 beds 2 baths ∙ 2,193 Sqft ∙ Built 2009
LEASED 07/19/19- Rent
- Rent Per SQFT
- $2,400
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13154 W Morning Vista Drive Peoria, AZ 5
- 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018 2 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018
LEASED 04/06/20- Rent
- Rent Per SQFT
- $2,500
- $1.11
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161610
Last Updated: 11/26/2020
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.
