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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $546.18
- 2 Days on Market
- MLS # : BE40932404
- Updated Date : 12/19/2020 at 18:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,992 sqft
- Baths : 3 full
Listing Agent
Silver Creek Realty Group
Listing Agent's Description
Sought After Location with Tranquil Views.Spacious Plan w/Expansive Master Suite, Second Jr. Suite and 3rd Bed and Bath Option on Ground Floor. One of the Most Desirable Lots within Gated Canyon View Features.Open Layout w/Natural Light, Two Serene Fireplaces...Elegant Bamboo and Tile Flooring. Renovated Kitchen...Clean and Bright w/Extensive Cabinet Space, Granite Counters, Stainless Appliances and Timeless Subway Back Splash. Tastefully Remodeled Baths. Many Valuable Details including LED Recessed Lighting, Custom Walk-in Master Closet, Coordinated Light Fixtures, Plantation Shutters & More! Private, Entertainer's Rear Yard w/Views Overlooking the Serene Grounds and Hills.Worry-Free Gated Community Living.HOA includes Manicured Landscaping, Pool, Spa, Tennis, Clubhouse, Security Service & More! Centrally Located near Schools, Shopping and Recreation including Trails, Canyon Lakes Golf Course, Bridges Golf Course, City Center Bishop Ranch, Equinox Club and more...Great Opportunity!
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PRICE & RENT TRENDS
Neighborhood: Canyon Lakes South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Lakes South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,730 |
EXPENSES | Loan Payment | -$4,014 |
Property Tax | -$1,168 | |
Property Insurance | -$75 | |
HOA | -$216 | |
Property Management Fees | -$183 | |
CASH FLOW
-$1,926
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$1,088,000
PROJECTED PRICE
$3,730
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 8.0% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
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
$294,070
LOAN DETAILS
$4,014
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $272,000 |
Loan Amount | $816,000 |
0.08
YEARS SAVED
$98
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
-
$3,755
COMP ESTIMATED VALUE -
$1.89
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Silver Creek Realty Group