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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $180.62
- 5 Days on Market
- MLS # : 6192480
- Updated Date : 02/13/2021 at 19:06
CONSTRUCTION
- Beds : 5
- Floor Size : 2,879 sqft
- Baths : 3 full
Listing Agent
Rapido Realty, Llc
Listing Agent's Description
Elegant, 2018 built energy efficient home has been stunningly upgraded and is move-in ready. Gorgeous kitchen with tile backsplash, all exotic granite countertops, huge island and upgraded cabinets. Open living space with lots of windows & a sliding glass wall that opens up to the private backyard. Throughout this beautiful home you will find plantation shutters and blinds and Tile that looks like wood. Extended covered patio in back, with low maintenance yards. This home qualifies for the Environments for Living energy guarantee. A full bedroom and bathroom downstairs. Plumbed gas for a BBQ. A wonderful home across the street from Cave Creek Golf course! Close to Turf Paradise, shopping, restaurants, freeways, and schools including ASU west. Contact listing agent Vasanth @ 6028213334
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PRICE & RENT TRENDS
Neighborhood: Sierra Prieta Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Prieta Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,806 |
| Property Tax | -$310 | |
| Property Insurance | -$83 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$8
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$520,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$143,550
LOAN DETAILS
$1,806
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
5.58
YEARS SAVED
$32,158
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
-
$2,476
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
15422 N 22nd Drive Phoenix, AZ 1
- 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3210 W Sequoia Way Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,703 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,703 Sqft ∙ Built 2005
LEASED 11/04/20- Rent
- Rent Per SQFT
- $2,250
- $0.83
-
2221 W Carol Ann Way Phoenix, AZ 3
- 5 beds 4 baths ∙ 2,964 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,964 Sqft ∙ Built 2020
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,650
- $0.89
PROPERTY LISTING DETAILS
Rapido Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192480
Last Updated: 02/13/2021
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.
