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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $227.17
- 5 Days on Market
- MLS # : 6188952
- Updated Date : 02/07/2021 at 03:09
CONSTRUCTION
- Beds : 3
- Floor Size : 2,113 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
PRIVATE POOL - on the GOLF Course - close to restaurants, shopping, schools, Palm Valley Park, golf and easy access to the freeway. Wonderful open floor plan, great room and Large chef's custom kitchen with casual dining nook overlook the pool and golf course. The tropical covered patio has a wood fireplace, wrap around pool, water feature and barbeque. The ensuite master bedroom has access to the patio. The master bath has a soaking tub and separate shower. The other two bedrooms are spacious. The den/office is perfect for a home office or media room. The garage has extra built in cabinets. Furnishings are available in a seperate package. Solar Lease,
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PRICE & RENT TRENDS
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,667 |
| Property Tax | -$402 | |
| Property Insurance | -$68 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$498
|
||
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.
$480,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.36%
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
$132,950
LOAN DETAILS
$1,667
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $120,000 |
| Loan Amount | $360,000 |
0.67
YEARS SAVED
$1,028
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,749
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $1,850
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PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188952
Last Updated: 02/07/2021
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.
