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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $220.69
- 18 Days on Market
- MLS # : 6166878
- Updated Date : 12/19/2020 at 22:01
CONSTRUCTION
- Beds : 2
- Floor Size : 1,518 sqft
- Baths : 1 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
When we were looking for a home in Sun City Grand, we wanted a split bedroom floor plan that had an extended garage, was in good condition, and that was in walking distance to the Cimarron rec center and golf course. This Azalea model home met all of those needs. Since we purchased this home, we have upgraded it with some added nice features. Here are some of the features that we now have that we hope you like as well: We lowered the breakfast bar so that it is flat all the way across and added beautiful granite counter tops to the kitchen and the guest bathroom. New gas range with gas cook-top. All the kitchen appliances are now brand new stainless steal appliances. We upgraded to stainless hardware on the cabinets and doors throughout. Interior window shutters in al
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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 | $1,530 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$233 | |
| Property Insurance | -$57 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$106
|
||
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.
$335,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.46%
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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
4.17
YEARS SAVED
$15,215
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
-
$1,639
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166878
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.
