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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $227.43
- 94 Days on Market
- MLS # : 6144377
- Updated Date : 01/07/2021 at 21:49
CONSTRUCTION
- Beds : 3
- Floor Size : 2,282 sqft
- Baths : 2 full
Listing Agent
Homie
Listing Agent's Description
Welcome to resort style living in age restricted Sun City Grand. Located on the Granite Falls South golf course, cart path on the opposite side. Views from every window. Beautifully updated with diagonal tile floors, granite countertops, custom paint and new windows. Huge patio with brick pavers. Amazing sunsets and great views of the White Tank mountains.
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand-Desert Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand-Desert Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,803 |
| Property Tax | -$361 | |
| Property Insurance | -$72 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$745
|
||
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.
$519,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.6% |
| 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
$143,285
LOAN DETAILS
$1,803
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $129,750 |
| Loan Amount | $389,250 |
0.17
YEARS SAVED
$60
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,620
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/03/20- Rent
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- $1,645
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LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,695
- $0.78
PROPERTY LISTING DETAILS
Homie
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6144377
Last Updated: 01/07/2021
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.
