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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $145.87
- 3 Days on Market
- MLS # : 6173641
- Updated Date : 01/01/2021 at 18:13
CONSTRUCTION
- Beds : 2
- Floor Size : 2,810 sqft
- Baths : 2 full , 1 half
Listing Agent
Arizona Team Realty, Llc
Listing Agent's Description
Well cared for Galleria model with 2 bedrooms, a den, 2.5 baths and a 3-car garage! Formal areas greet you at entry with vaulted ceilings and lots of natural light. You'll find ample cabinets/counter space with breakfast bar, an island with built-in electric cooktop, walk-in pantry and breakfast nook in the open kitchen which overlooks the family room with vaulted ceilings and built-in entertainment center. Spacious master suite includes a sitting area with bay window, a separate exit to rear covered patio plus his/her walk-in closets. Master bath features dual vanities, a soaking tub, separate shower and water closet. Private backyard with block wall, covered patio, extended concrete sitting area, built-in BBQ and mature landscaping including citrus tree. New interior paint and HVAC unit
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PRICE & RENT TRENDS
Neighborhood: Pebblecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pebblecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,480 |
| EXPENSES | Loan Payment | -$1,512 |
| Property Tax | -$415 | |
| Property Insurance | -$82 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$334
|
||
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.
$409,900
PROJECTED PRICE
$2,480
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.8% |
| 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
$114,374
LOAN DETAILS
$1,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
9.33
YEARS SAVED
$62,008
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,480
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,431
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
15388 W Indianola Avenue Goodyear, AZ 2
- 2 beds 3 baths ∙ 2,810 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,810 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,480
- $0.88
-
14576 W Hidden Terrace Loop Litchfield Park, AZ 1
- 2 beds 2 baths ∙ 2,531 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,531 Sqft ∙ Built 2006
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.75
-
3027 N 164th Avenue Goodyear, AZ 3
- 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,500
- $0.98
PROPERTY LISTING DETAILS
Arizona Team Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173641
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
