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INVESTimate
$524,500
List Price
$144,743
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $170.40
- 2 Days on Market
- MLS # : 6122180
- Updated Date : 08/25/2020 at 18:51
CONSTRUCTION
- Beds : 5
- Floor Size : 3,078 sqft
- Baths : 3 full , 1 half
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Welcome Home!!! This beautiful property sits in a quiet gated community across the street from a lovely tree lined community park. The home boasts a split, open floor plan, Travertine floors, 4 bedrooms including two master suites and a dedicated den. Stainless steel appliances in the bright open kitchen and oversized granite island make this a perfect entertaining space. Family area has stylish entertainment center. Master suite is HUGE with separate tub/shower. Outdoor area has brick pavers, grassy yard and space to design your own pool, garden, outdoor kitchen, you decide. Three car tandem garage. Fabulous community amenities, pool, spa, tennis & more.
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PRICE & RENT TRENDS
Neighborhood: Sonoran Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Foothills
* 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 | $2,520 |
EXPENSES | Loan Payment | -$1,935 |
Property Tax | -$314 | |
Property Insurance | -$87 | |
HOA | -$173 | |
Property Management Fees | -$99 | |
CASH FLOW
-$88
|
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.
$524,500
PROJECTED PRICE
$2,520
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 5.43% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,743
LOAN DETAILS
$1,935
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $131,125 |
Loan Amount | $393,375 |
4.33
YEARS SAVED
$26,215
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
-
$2,462
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122180
Last Updated: 08/25/2020

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.