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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $120.49
- 1 Days on Market
- MLS # : 6173267
- Updated Date : 12/19/2020 at 17:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,240 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Usa Southwest
Listing Agent's Description
You'll know you're home when you step through the front door. The formal living room could be used as office space. The oversized family room is directly off the eat in kitchen. The cook in the family will love the spacious kitchen with it's 42'' uppers as well as lots of prep space on the solid surface counters. A walk in pantry gives even more storage. Laundry room and a half bath complete the main. Upstairs you'll find all four bedrooms plus another two full baths. Master bedroom is supersized with a great walk-in closet. Master bath has separate tub/shower and dual sinks. The pool sized backyard has several trees and hibiscus bushes and is otherwise a blank canvas, ready for your touch. Home has just had the exterior professionally painted. $3,000 carpet allowance at COE.
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PRICE & RENT TRENDS
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$163 | |
| Property Insurance | -$71 | |
| HOA | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$245
|
||
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.
$269,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.8% |
| 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
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
10.25
YEARS SAVED
$46,729
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
-
$1,831
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $1,795
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,925
- $0.96
PROPERTY LISTING DETAILS
Realty Usa Southwest
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173267
Last Updated: 12/19/2020
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.
