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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $107.10
- 6 Days on Market
- MLS # : 6164431
- Updated Date : 11/24/2020 at 14:44
CONSTRUCTION
- Beds : 3
- Floor Size : 2,325 sqft
- Baths : 2 full
Listing Agent
Keller Williams Legacy One
Listing Agent's Description
This is the one you have been waiting for! This beautiful home in the small and sought after Cottonwood Commons features an open living/kitchen downstairs with eat-in kitchen, den, a balcony accessed from the upstairs, master bathroom with double sinks and large walk-in closet and a backyard with two covered patios. Centrally located in town, close to dining, shopping and schools.
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PRICE & RENT TRENDS
Neighborhood: Cottonwood Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cottonwood Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$919 |
| Property Tax | -$189 | |
| Property Insurance | -$73 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$64
|
||
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.
$249,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.4% |
| 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
$71,735
LOAN DETAILS
$919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,250 |
| Loan Amount | $186,750 |
4.08
YEARS SAVED
$11,089
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.55
LIST RENT PER SQFT
-
$1,395
COMP ESTIMATED VALUE -
$0.6
COMP AVG. RENT PER SQFT
Comps Range
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- $1,295
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- 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002
LEASED 05/28/19- Rent
- Rent Per SQFT
- $1,350
- $0.66
-
1358 E Colorado Loop Casa Grande, AZ 4
- 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2006
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,400
- $0.60
PROPERTY LISTING DETAILS
Keller Williams Legacy One
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164431
Last Updated: 11/24/2020
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.
