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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $138.14
- 2 Days on Market
- MLS # : 6163371
- Updated Date : 11/21/2020 at 12:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,425 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
This beautiful 4 bed/3 bath home is a must see! Beautiful tile flooring throughout except for the bedrooms. The kitchen has plenty of cabinet and counter space. The kitchen features SS appliances, kitchen island, and dining area. The stairs lead up to an open loft area perfect for an additional living room set up or gaming space. Each room also includes a ceiling fan and window. The master bedroom has a connecting master bathroom with dual sinks and a full bath. Through the downstairs sliding glass door, is an extensive backyard with partial view fence. The partially covered backyard patio is perfect for a BBQ grill set up or a sitting area to have friends and family over. The backyard is very spacious and open, perfect for a family trampoline or pool! This home is sure to go fast!
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PRICE & RENT TRENDS
Neighborhood: Sierra Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Montana
* 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 | -$1,236 |
| Property Tax | -$233 | |
| Property Insurance | -$74 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$138
|
||
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.
$335,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
7.5
YEARS SAVED
$36,748
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 -
$0.74
LIST RENT PER SQFT
-
$1,807
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/04/20- Rent
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- $1,835
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LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,895
- $0.78
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163371
Last Updated: 11/21/2020
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.
