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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $192.20
- 2 Days on Market
- MLS # : 6161388
- Updated Date : 11/21/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,436 sqft
- Baths : 2 full
Listing Agent
Long Realty West Valley
Listing Agent's Description
This 3 bedroom home provides an Oasis in the Desert as evidenced by great backyard with pool and large covered patio even the Patio TV stays. The living room has a fireplace and there is spacious eat in kitchen. The house has a 2 car extended garage. Flooring in the Kitchen, Living Room and Halls has just been updated with manufactured wood. Plantation Shutters were installed in April. Also in April the pool was remodeled, and resurfaced. The patio deck extended and cool decking applied. You will find the Master Bedroom Suite on one side of the home and the other 2 bedrooms opposite side for more privacy. Landscaping in front was redone in May with new irrigation, rock and plants. Water Heater Replaced Nov. 20. This house is meticulous, the Seller has taken great care.
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PRICE & RENT TRENDS
Neighborhood: Mountain Vista Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Vista Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$1,018 |
| Property Tax | -$192 | |
| Property Insurance | -$55 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$13
|
||
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.
$276,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| 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
$78,890
LOAN DETAILS
$1,018
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,000 |
| Loan Amount | $207,000 |
5.5
YEARS SAVED
$19,052
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,379
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/01/20- Rent
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- $1,350
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LEASED 06/01/20- Rent
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- $1,425
- $0.99
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LEASED 07/01/20- Rent
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- $1,450
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LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,550
- $1.07
PROPERTY LISTING DETAILS
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161388
Last Updated: 11/21/2020
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.
