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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $196.67
- 3 Days on Market
- MLS # : 6184382
- Updated Date : 01/22/2021 at 16:33
CONSTRUCTION
- Beds : 3
- Floor Size : 2,209 sqft
- Baths : 2 full , 1 half
Listing Agent
Prestige Realty
Listing Agent's Description
**24/7 VIRTUAL OPEN HOUSE- 360 Tour-ON PHOTOS TAB**''ATTENTION to DETAIL'' in every FEATURE of this MOVE-IN READY home in the Spectacular Arizona Traditions Adult Golf Resort Community. Soaring High ceilings throughout this home, with wood-like Vinyl Tile flooring and updated-upgraded fixtures and hardware. Fresh Modern look in the kitchen with the large island. Great Room Living with Bar, connecting the Living and Dining areas with the kitchen and entry, 3 bedrooms leaves room for a home office and to entertain family and guests with a private bath between the secondary bedrooms. Rear yard with mature fruit trees, Built in BBQ and Extended Patio and raised garden beds in this larger lot area of the community. Walking distance to Horseshoe Park with pickle ball, softball field & amenities.
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PRICE & RENT TRENDS
Neighborhood: Arizona Traditions
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arizona Traditions
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,509 |
| Property Tax | -$302 | |
| Property Insurance | -$70 | |
| HOA | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$320
|
||
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.
$434,434
PROJECTED PRICE
$1,820
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$120,875
LOAN DETAILS
$1,509
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,609 |
| Loan Amount | $325,826 |
1.67
YEARS SAVED
$4,340
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,668
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/14/20- Rent
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- $1,550
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- 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2005
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,660
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-
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LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,735
- $0.77
PROPERTY LISTING DETAILS
Prestige Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184382
Last Updated: 01/22/2021
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.
