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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $225.21
- 4 Days on Market
- MLS # : 6196115
- Updated Date : 02/20/2021 at 19:18
CONSTRUCTION
- Beds : 3
- Floor Size : 2,309 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Your dream home awaits in Greer Ranch. 3 bed + den, 2 bath with 6 car/RV garage. Kitchen is a chefs dream, it has a large granite island, staggered maple cabinets. Owners suite is large with an ensuite that includes a garden tub, double sinks, and a huge walk-in closet. Walk-in closets in all bedrooms. Beautiful wood shutters throughout on all windows. Wait until you step outside, large extended patio that has a low maintenance yard built for entertaining. 3 car tandem garage, plus an insulated RV garage with R.V. electric hookup. Gorgeous home in a the wonderful location close to 303, restaurants, great shopping and much more!!
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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 | $1,710 |
| EXPENSES | Loan Payment | -$1,806 |
| Property Tax | -$362 | |
| Property Insurance | -$72 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$704
|
||
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.
$520,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.33%
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
$143,550
LOAN DETAILS
$1,806
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
0.17
YEARS SAVED
$81
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,807
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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- $1,900
- $0.81
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196115
Last Updated: 02/20/2021
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.
