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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $161.29
- 3 Days on Market
- MLS # : 6180179
- Updated Date : 01/16/2021 at 04:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,798 sqft
- Baths : 2 full
Listing Agent
Libertas Real Estate
Listing Agent's Description
Beautiful single story home in Canyon Trails ready for move-in! Clean as a whistle and ready for its new family! HUGE breakfast bar. Plenty of kitchen storage. ALL newer appliances included with a double sink. Jack and Jill guest bathroom. Master bedroom is huge & master bath features garden tub and dual sinks. Minutes from grocery, restaurants, I-10 freeway, NEW City Center and spring training- fantastic location! This home a must see.Hurry this one won't last long!
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PRICE & RENT TRENDS
Neighborhood: Canyon Trails West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Trails West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$193 | |
| Property Insurance | -$62 | |
| HOA | -$82 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$156
|
||
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.
$290,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.6% |
| 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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
8.17
YEARS SAVED
$31,037
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,641
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
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LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.92
PROPERTY LISTING DETAILS
Libertas Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180179
Last Updated: 01/16/2021
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.
