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INVESTimate
$735,000
List Price
$200,525
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $377.70
- 2 Days on Market
- MLS # : CC40917891
- Updated Date : 08/25/2020 at 08:21
CONSTRUCTION
- Beds : 2
- Floor Size : 1,946 sqft
- Baths : 2 full
Listing Agent
J. Rockcliff Realtors Inc.
Listing Agent's Description
55= Resort Living at Trilogy Beautiful Stone Water Feature and Matching Decorator Walls, Overhang with Ceiling Fan & Lights and Stamped Concrete Patio. Extensive Hardwood Floors, Baths with Tile Floors, Wide Open Floorplan with Large Dining and Great Room Area. Kitchen with Granite Counters, Refrigerator, Microwave, Oven, Pantry. Instant Hot Water and Reverse Osmosis Systems. Office with French Doors, Smart Room/Laundry Room with Upper and Lower Cabinets, File Drawer, Desk and Sink. Master Closet with Built-in Organizers. Builder Pre-paid Solar Lease
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PRICE & RENT TRENDS
Neighborhood: Vineyards at Marsh Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vineyards at Marsh Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,870 |
EXPENSES | Loan Payment | -$2,712 |
Property Tax | -$799 | |
Property Insurance | -$74 | |
HOA | -$346 | |
Property Management Fees | -$149 | |
CASH FLOW
-$1,210
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$735,000
PROJECTED PRICE
$2,870
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 8.45% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 5.09% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$200,525
LOAN DETAILS
$2,712
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $183,750 |
Loan Amount | $551,250 |
0.17
YEARS SAVED
$97
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,870
LIST RENT -
$1.47
LIST RENT PER SQFT
-
$2,578
COMP ESTIMATED VALUE -
$1.33
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
J. Rockcliff Realtors Inc.