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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $222.91
- 3 Days on Market
- MLS # : 6203086
- Updated Date : 03/07/2021 at 00:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,615 sqft
- Baths : 2 full , 1 half
Listing Agent
Success Property Brokers
Listing Agent's Description
Beautiful Spanish Style, gently lived in family home in the very desirable Spectrum at Val Vista Community. Very conveniently located to all the right amenities, this home has brand new carpet and interior paint and the exterior was just painted 6 months ago. Upstairs master bedroom with en-suite. Granite kitchen counters with a one year old refrigerator and garbage disposal. Full length rear balcony that was just recoated. Just minutes from the loop 202 and San Tan Mall. This home is ready to move into and enjoy.
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PRICE & RENT TRENDS
Neighborhood: The Spectrum at Val Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Spectrum at Val Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$220 | |
| Property Insurance | -$59 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$78
|
||
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.
$360,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.8% |
| 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
$101,150
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
4.17
YEARS SAVED
$14,227
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,744
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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- $1,800
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LEASED 11/02/20- Rent
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- $1,850
- $1.11
PROPERTY LISTING DETAILS
Success Property Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203086
Last Updated: 03/07/2021
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.
