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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $232.39
- 4 Days on Market
- MLS # : 6174274
- Updated Date : 12/24/2020 at 11:03
CONSTRUCTION
- Beds : 3
- Floor Size : 2,840 sqft
- Baths : 4 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
HELLO SKIES OF BLUE,ENDLESS DAYS OF FABULOUS SUNRISES & SUNSETS+WALK TO CORTE BELLA'S COUNTRY CLUB & PARKS, From This Beauty At It Finest SOUTH PRIVATE BACKYARD OASIS w/Heated Pool ,Rolling Fountain & Spa,+ Lighted Lush Landscaping w/SW Plantings & Waving Palms, Kiva Fireplace, Gas Torchiere, Built-In Wolf BBQ,4 Overhead Gas Heaters,Electric Awnings. Exquisitely Designed Crown Jewel w/ 3 End Suites w/Private Bath+Walk-In Closets , Library, Powder Room, Large Great Room w/New Built-In Entertainment Area+Coxy Fireplace, Sandstone Tile Floors w/Fossil Images, Gourment Kitchen Open To Great Room, w/Cherry Cabinets, Slab Granite & Backsplash, NEW SS Sub-Zero Frig + 5 Burner Gas Cook Top, Master Suite w/Bay Window+Sitting Area +Master Bath Upgrade,2&3 Suite w/Upgraded Baths.Extended Garage.
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PRICE & RENT TRENDS
Neighborhood: Corte Bella Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Corte Bella Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$2,435 |
| Property Tax | -$606 | |
| Property Insurance | -$83 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$741
|
||
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.
$660,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| 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
$180,650
LOAN DETAILS
$2,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $165,000 |
| Loan Amount | $495,000 |
0.42
YEARS SAVED
$1,161
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,130
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
13441 W La Vina Drive Sun City West, AZ 3
- 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,840 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,540
- $0.89
-
13106 W Micheltorena Drive Sun City West, AZ 1
- 3 beds 3 baths ∙ 3,027 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,027 Sqft ∙ Built 2005
LEASED 09/05/19- Rent
- Rent Per SQFT
- $2,000
- $0.66
-
23112 N Sol Mar Court Sun City West, AZ 2
- 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 2005
LEASED 01/03/20- Rent
- Rent Per SQFT
- $2,300
- $0.84
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174274
Last Updated: 12/24/2020
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.
