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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $155.71
- 3 Days on Market
- MLS # : 6170108
- Updated Date : 12/10/2020 at 23:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,601 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
MUST SEE!! Stunning Greer Ranch Home just hit the market in Surprise AZ!! This beautiful pool home features 3 bedroom, 2.5 bathrooms and 2601 sq ft. of living space. The first floor features an open floor plan, high ceilings, bright windows and durable tile floors. The kitchen comes equipped with stainless steel appliances, granite countertops, soft close drawers, and cabinets with pull out shelves. This gorgeous home also boasts a downstairs space for your office needs or your kids playroom. During the summer, entertain in style under the covered patio or relax near the sparkling pool! The home also comes equipped with a 2 car garage, drought tolerant landscaping, solar panels, and water softener. THIS HOME WON'T LAST LONG. Call Devin Beaty today to submit your best offer!! 864-965-8281
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PRICE & RENT TRENDS
Neighborhood: Greer Ranch North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greer Ranch North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$282 | |
| Property Insurance | -$78 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$158
|
||
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.
$405,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$113,075
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
3.42
YEARS SAVED
$13,684
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
-
$1,938
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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- $1,895
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- Rent Per SQFT
- $2,000
- $0.77
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170108
Last Updated: 12/10/2020
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.
