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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $201.45
- 3 Days on Market
- MLS # : 6173711
- Updated Date : 01/10/2021 at 03:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,787 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This beautiful single story home in the Marketside District of Verrado is move in ready. The home sit's on a premium corner lot overlooking the park. It is a Open Floor plan with tile and carpet. The Kitchen has beautiful granite counter tops, upgraded cabinets, & large island with breakfast bar. The Master Suite with a walk-in closet, dual vanity sink and shower/tub combo is a homeowner sanctuary. The Living room opens with a 3 panel sliding glass door to a covered patio, looking out to a beautiful backyard. This immaculate home is a must see will not last long!
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PRICE & RENT TRENDS
Neighborhood: Sienna Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sienna Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$334 | |
| Property Insurance | -$62 | |
| HOA | -$116 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$62
|
||
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.
$360,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 2.5% |
| 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
$101,150
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
4.25
YEARS SAVED
$14,408
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,707
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2019
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- Rent Per SQFT
- $1,800
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20978 W Coronado Road Buckeye, AZ 1
- 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2018
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
-
21214 W Palm Lane Buckeye, AZ 2
- 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2018
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
1704 N 208th Avenue Buckeye, AZ 3
- 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
-
21144 W Cypress Street Buckeye, AZ 5
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,950
- $1.10
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173711
Last Updated: 01/10/2021
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.
