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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $215.86
- 4 Days on Market
- MLS # : 6156415
- Updated Date : 11/06/2020 at 17:42
CONSTRUCTION
- Beds : 2
- Floor Size : 1,482 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Come see this well cared for ''Azalea'' model in beautiful Sun City Grand. Property features enclosed front courtyard patio for extended living space. Home exterior was repainted last year. New interior paint. Tile and carpeting professionally cleaned. Kitchen boasts upgraded pull-out cabinets, gorgeous new granite counters, large pantry & extended breakfast bar and newer Stainless Steel appliances. Upgraded ceiling fans, light fixtures & faucets throughout. New bathroom vanity and faucet in guest bedroom. New carpeting in master bedroom and walk in closet. The master bath features a large walk in shower.Raised panel doors throughout. All new upgraded electrical outlets w/dimmer switches. Extended patio. APS leased solar transferable at no cost to buyer.
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Coronado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Coronado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$222 | |
| Property Insurance | -$56 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$149
|
||
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.
$319,900
PROJECTED PRICE
$1,420
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.3% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
3.42
YEARS SAVED
$10,959
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
-
$1,578
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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- $1,495
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- $1,800
- $1.11
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6156415
Last Updated: 11/06/2020
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.
