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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $140.10
- 3 Days on Market
- MLS # : 6170339
- Updated Date : 12/11/2020 at 17:09
CONSTRUCTION
- Beds : 5
- Floor Size : 4,461 sqft
- Baths : 3 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
Beautiful curb appeal with lush landscaping, 3 car garage and RV gates for this stunning 5 bed, 3.5 bath home. This home is located in the highly sought after Symphony 2 gated community. Large home office with Chalkboard barn doors and built in desks & library. Formal living & dining with vaulted ceilings. Powder room downstairs. Spacious open floor plan for the kitchen, dining and family room. The kitchen has a plethora of white cabinets, gorgeous granite counters and SS appliances. The step down family room has a built in wet bar with seating. The large loft has many possibilities! Generous sized bedrooms. The HUGE master has a sitting area, gorgeous en-suite and large walk-in closet. The serene backyard has a gazebo, built-in BBQ, outdoor fireplace and so much more! This is a must see!
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PRICE & RENT TRENDS
Neighborhood: Symphony Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Symphony Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,170 |
| EXPENSES | Loan Payment | -$2,306 |
| Property Tax | -$445 | |
| Property Insurance | -$114 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$173
|
||
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.
$625,000
PROJECTED PRICE
$3,170
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.0% |
| 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
$171,375
LOAN DETAILS
$2,306
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
6.67
YEARS SAVED
$59,840
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,170
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$3,190
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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- 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,629 Sqft ∙ Built 2002
LEASED 06/01/20- Rent
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- $3,500
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LEASED 12/11/20- Rent
- Rent Per SQFT
- $3,500
- $0.76
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170339
Last Updated: 12/11/2020
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.
