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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $164.09
- 1 Days on Market
- MLS # : 6197225
- Updated Date : 02/21/2021 at 01:02
CONSTRUCTION
- Beds : 5
- Floor Size : 3,626 sqft
- Baths : 3 full
Listing Agent
At Real Estate Services
Listing Agent's Description
Welcome to your 5 Bedroom 3 Bath Cul-de-sac home in Fulton Ranch! This home is over 3600 square feet, and features HUGE Vaulted Ceilings, a 2 Car Garage and a separate single garage, 1st Floor Bedroom with access to the Back Patio, Gorgeous Kitchen, a 2nd Floor Bonus Room/Loft, and a Massive Back Patio! Recent upgrades include New Flooring throughout (Tile & Carpet), Hardwood Staircase, Interior Paint, and new Appliances. This is a must see!
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PRICE & RENT TRENDS
Neighborhood: Fulton Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fulton Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,260 |
| EXPENSES | Loan Payment | -$2,067 |
| Property Tax | -$376 | |
| Property Insurance | -$98 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$404
|
||
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.
$595,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.6% |
| 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
$163,425
LOAN DETAILS
$2,067
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
1.92
YEARS SAVED
$7,286
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
-
$2,339
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/06/20- Rent
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- $2,300
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LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,400
- $0.66
PROPERTY LISTING DETAILS
At Real Estate Services
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197225
Last Updated: 02/21/2021
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.
