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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $148.64
- 4 Days on Market
- MLS # : 6188997
- Updated Date : 02/06/2021 at 02:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,348 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
4 Beds, 2.5 Baths with Upgrades Throughout the Home. Downstairs Features Office, Dinning, Family Room and Eat-in Extended Kitchen. Kitchen has Upgraded 42'' Cabinets, Granite Countertops, Pantry, Island, Stainless Steel Appliances with Gas Stub available. Upgraded Stair Railing Leads to Large Loft. Master Suite has His & Her Walk-in Closets, Double Sinks, Separate Shower and Soaking Tub. Bedrooms have Ceiling Fans and Walk-in Closets. Pella French Doors Lead to the Covered Extended Patio with Artificial Turf, Tree, Pavers, and Garden. Both 16 SEER ACs Installed 2018. Water Heater installed 2020. Home Boarders a Lit Walking Path that Leads to the Community Pool/Gym. The Community Features a Pool, Toddler Pool, Gym, Grilling Areas, Shaded Parks, Basketball and Sand Volleyball Courts.
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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 | $1,610 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$233 | |
| Property Insurance | -$73 | |
| HOA | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
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.
$349,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.46%
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
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
4
YEARS SAVED
$12,889
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$1,761
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/29/20- Rent
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- $1,500
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- 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
LEASED 12/04/20- Rent
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LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,925
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PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188997
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
