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INVESTimate
$639,000
List Price
$175,085
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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $329.38
- 2 Days on Market
- MLS # : CC40917581
- Updated Date : 08/25/2020 at 20:49
CONSTRUCTION
- Beds : 2
- Floor Size : 1,940 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Retirement living at its best..Beautiful 2 bedroom 2.5 Bath Summerset 1 home with over $135,000 in ugrades. Light and bright with new appliances, new lighting fixtures and recessed lighting. Remodeled kitchen and baths with quartz countertops in kitchen, granite countertops in bathrooms. New flooring, fresh paint, and plantation shutters throughout the house. Large combo living/dining room and a separate office/den with built in desk and shelves. Inside laundry room with appliances included . New central air and heating system with new energy efficient insulation,. Enjoy the privacy of the garden, patio and enclosed yard. Summerset is a lovely gated 55+ community; one person must be 55 or older. Available activities include, golf, swimming pool & spa, tennis courts, bocce ball courts, organized events and activities in all 4 Summersets There is a separate center with library, workout room, etc. Close to shopping, medical offices and hospitals!! .Come see your new dream home.
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PRICE & RENT TRENDS
Neighborhood: Summerset I
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerset I
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,560 |
EXPENSES | Loan Payment | -$2,358 |
Property Tax | -$635 | |
Property Insurance | -$74 | |
HOA | -$285 | |
Property Management Fees | -$149 | |
CASH FLOW
-$941
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$639,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 5.54% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$175,085
LOAN DETAILS
$2,358
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $159,750 |
Loan Amount | $479,250 |
0.33
YEARS SAVED
$548
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,551
COMP ESTIMATED VALUE -
$1.32
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Keller Williams Realty