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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $129.99
- 6 Days on Market
- MLS # : 6180331
- Updated Date : 01/19/2021 at 21:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,531 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
Awesome Home with 2 NEW AC Units and Solar. Fresh Exterior Paint DEC 2020. Corner Lot with Park nearby. Large Open Kitchen with Island and Gas Stove all appliances Included. Gas Fireplace in Family Room. Covered Patio on front and back of home with low maintenance landscaping. 3 Car Garage and Room for RV Parking on side of home. Brick Paver Driveway. Walk in Shower in Master Bedroom with Walk in Closet. 10' Ceilings throughout home. Good Sized Formal living and dining rooms with large kitchen nook. 18'' Tile Flooring throughout with upgraded carpet and laminate wood floors in Kitchen. Corian Counters with large walk in pantry in kitchen. Solar saves home owner over $100/mo. Solar payment $333.05 Buyer to take over loan at COE
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PRICE & RENT TRENDS
Neighborhood: Diamond Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Diamond Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,420 |
EXPENSES | Loan Payment | -$1,143 |
Property Tax | -$250 | |
Property Insurance | -$77 | |
HOA | -$20 | |
Property Management Fees | -$99 | |
CASH FLOW
-$169
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$329,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.35% |
Appreciation Year (1-5) | 3.7% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.24% |
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
$92,935
LOAN DETAILS
$1,143
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $82,250 |
Loan Amount | $246,750 |
2.83
YEARS SAVED
$7,345
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,557
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180331
Last Updated: 01/19/2021

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.