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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $154.20
- 7 Days on Market
- MLS # : 6176618
- Updated Date : 01/09/2021 at 16:33
CONSTRUCTION
- Beds : 4
- Floor Size : 1,978 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Desert Estates
Listing Agent's Description
This home has all the amenities for fine living. 4 Bedrooms, 2.5 Baths, Family room is tiled. Living room has vaulted ceilings for a specious look. Ample closets, & interior laundry room, Washer/Dryer included.Master suite has 2 large closets also one of the bedrooms has a walking closet. Covered patio leads to lawn landscaping in backyard. Front yard is desert landscaping. 2 car garage, with openers. close to schools and shopping.
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PRICE & RENT TRENDS
Neighborhood: Dreaming Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dreaming Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$186 | |
| Property Insurance | -$66 | |
| HOA | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$80
|
||
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.
$305,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
6.42
YEARS SAVED
$22,594
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
-
$1,582
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,450
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13644 W Berridge Lane Litchfield Park, AZ 3
- 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2002
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,500
- $0.83
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13224 W Stella Lane Litchfield Park, AZ 4
- 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2002
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,600
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13812 W Palo Verde Drive Litchfield Park, AZ 5
- 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2002
LEASED 04/05/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
PROPERTY LISTING DETAILS
Century 21 Desert Estates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176618
Last Updated: 01/09/2021
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.
