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INVESTimate
$295,000
List Price
$83,925
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $186.95
- 2 Days on Market
- MLS # : 6119117
- Updated Date : 08/24/2020 at 18:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,578 sqft
- Baths : 2 full
Listing Agent
Realty Executives - Wigwam Property Mgmt & Realty
Listing Agent's Description
This spectacular 3 bedroom 2 full bathroom 'pool property' home, located in the popular Litchfield school district and close to Millennium and Western Sky schools, is considered desirable in more than one way . Boasting of a heated hot tub, sparkling pool and resort type back yard is another reason. Let us look at location - Close to I-10, 303 loop and 101 loop, Golf courses, Wigwam Resort, is another reason. Fully owned solar panels in just another. Built in storage cabinets in the garage and low maintenance landscaping yet another. I this hot property market be the early bird and view at your earliest.
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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
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 | $1,490 |
EXPENSES | Loan Payment | -$1,088 |
Property Tax | -$287 | |
Property Insurance | -$58 | |
HOA | -$57 | |
Property Management Fees | -$99 | |
CASH FLOW
-$99
|
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.
$295,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 5.15% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $73,750 |
Loan Amount | $221,250 |
3.5
YEARS SAVED
$10,290
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
-
$1,495
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Realty Executives - Wigwam Property Mgmt & Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6119117
Last Updated: 08/24/2020

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.