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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $192.72
- 2 Days on Market
- MLS # : 6157632
- Updated Date : 11/07/2020 at 04:21
CONSTRUCTION
- Beds : 2
- Floor Size : 2,075 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
One of Sun City Grand's most sought after Floorplans. This Sierra (2075 sq,) has, Den/Office off the Foyer, an Extended 2 Car Garage with Golf Cart Tandem and is situated on a large private corner lot in the Regents Enclave. Chef's kitchen with Upgraded Gas Cooktop, Newer Upgraded Stainless Appliances, Maple Cabinetry, Newer Granite, Kitchen Island and large Nook Area with Bay Window. Master Suite has another Bay Window, newer Berber Carpet, and ample space to create a TV Sitting Area, Private Office or Private Gym. Raised Panel Doors, Tile Throughout, Surround Sound, Sun Screens, and set of Regular Screens. Outside an Extended Rear Patio with Built-in BBQ, Soothing Water Feature, and Lush Landscaping, creating a private yet open Entertainers Dream. A'' Must See'' Move-in Ready!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand the Regent
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand the Regent
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$278 | |
| Property Insurance | -$68 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$271
|
||
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.
$399,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.0% |
| 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
$111,724
LOAN DETAILS
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
2.42
YEARS SAVED
$8,259
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
-
$1,743
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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- 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
LEASED 10/01/19- Rent
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- $1,650
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LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157632
Last Updated: 11/07/2020
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.
