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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $199.85
- 3 Days on Market
- MLS # : 6176048
- Updated Date : 01/01/2021 at 00:16
CONSTRUCTION
- Beds : 4
- Floor Size : 1,296 sqft
- Baths : 2 full
Listing Agent
Century 21 Seago
Listing Agent's Description
This cute home is tucked away at the end of a long street. Beautiful mountain views from the front and back of home will captivate anyone. Close access to the Freeway, minutes from entertainment and shopping. This single level home has it all and more. Boasting 4 bedrooms, 2 baths and a beautiful backyard to enjoy. Open kitchen and great room concept are the heart of the home and perfect for entertaining.
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PRICE & RENT TRENDS
Neighborhood: Palm Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,160 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$177 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$124
|
||
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.
$259,000
PROJECTED PRICE
$1,160
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 13.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$74,385
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
3.33
YEARS SAVED
$8,493
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,160
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,364
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1349 E 27th Avenue Apache Junction, AZ 1
- 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,160
- $0.90
-
1515 E 28th Avenue Apache Junction, AZ 2
- 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,140 Sqft ∙ Built 1999
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,250
- $1.10
-
1050 E Santa Cruz Lane Apache Junction, AZ 3
- 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1998
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,395
- $1.04
-
1007 E Estevan Avenue Apache Junction, AZ 4
- 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1982
![property image]()
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,395
- $1.11
-
899 E Pima Avenue Apache Junction, AZ 5
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1998
![property image]()
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,500
- $0.96
PROPERTY LISTING DETAILS
Century 21 Seago
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176048
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
