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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $125.31
- 2 Days on Market
- MLS # : 6154689
- Updated Date : 12/12/2020 at 11:37
CONSTRUCTION
- Beds : 4
- Floor Size : 3,192 sqft
- Baths : 3 full
Listing Agent
Re/max Professionals
Listing Agent's Description
Gorgeous home!!! Don't miss out on seeing this beautiful home! Spacious kitchen, living rm, family rm and loft! 3 car garage, lovely backyard.
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PRICE & RENT TRENDS
Neighborhood: Donatela East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Donatela East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$319 | |
| Property Insurance | -$89 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$25
|
||
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.
$400,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 1.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
5.17
YEARS SAVED
$25,014
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,011
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
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1726 N 114th Avenue Avondale, AZ 1
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![property image]()
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- $0
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1664 N 114th Avenue Avondale, AZ 2
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LEASED 06/24/19- Rent
- Rent Per SQFT
- $1,900
- $0.65
-
1656 N 114th Avenue Avondale, AZ 3
- 5 beds 4 baths ∙ 3,245 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,245 Sqft ∙ Built 2008
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,900
- $0.59
-
2106 N 120th Drive Avondale, AZ 4
- 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
![property image]()
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,000
- $0.63
-
2113 N 120th Drive Avondale, AZ 5
- 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
![property image]()
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,050
- $0.65
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6154689
Last Updated: 12/12/2020
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.
