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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $268.85
- 5 Days on Market
- MLS # : 6180197
- Updated Date : 01/15/2021 at 22:19
CONSTRUCTION
- Beds : 2
- Floor Size : 2,395 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Designer Mirador, epitome of the Open Concept floorplan, 2 bedroom, 2.5 bath plus Office/Den. Beautiful interior finishes, granite counters, custom tile backsplash, coffered ceilings in great room/dining room, plantation shutters and custom window treatments. Kitchen is a chef's dream with induction cooktop, high end cabinet with soft close drawers and pull -outs galore. The guest bedroom features an upgraded en-suite & the master bath is luxurious. Expansive custom paver patio 4 ' extension measuring 36' X14' with high ceiling and fans create maximum view and natural light inside. Upgraded Windows, & plumbing fixtures, owned water softener & hot water loop, & gorgeous lighting fixtures. High end backyard landscaping creates a Zen Oasis with a tranquil water feature, & multiple
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PRICE & RENT TRENDS
Neighborhood: Pebblecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pebblecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$2,237 |
| Property Tax | -$626 | |
| Property Insurance | -$74 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$383
|
||
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.
$643,900
PROJECTED PRICE
$2,690
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.8% |
| 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
$176,384
LOAN DETAILS
$2,237
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $160,975 |
| Loan Amount | $482,925 |
2.08
YEARS SAVED
$8,802
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,347
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
16632 W Alvarado Drive Goodyear, AZ 2
- 2 beds 3 baths ∙ 2,395 Sqft ∙ Built 2017 2 beds 3 baths ∙ 2,395 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,690
- $1.12
-
3027 N 164th Avenue Goodyear, AZ 1
- 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,500
- $0.98
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180197
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
