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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $196.56
- 1 Days on Market
- MLS # : 6191085
- Updated Date : 02/07/2021 at 03:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,050 sqft
- Baths : 3 full
Listing Agent
Realty Executives
Listing Agent's Description
Over 3,000SF single story home with a 2 car garage and RV garage plus an RV gate with concrete. This home has a very open floor plan with 4 bedrooms and 3 full baths. There is also an owned solar system to help save on the electric bills as well. This home was recently updated with new paint inside and out, new carpet and so much more. The backyard is large with a grass area and basketball court and covered patio. Not very often do homes this big and single story with RV garages come on the market but here is your chance.
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PRICE & RENT TRENDS
Neighborhood: Sedella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sedella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$2,082 |
| Property Tax | -$407 | |
| Property Insurance | -$87 | |
| HOA | -$99 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$214
|
||
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.
$599,500
PROJECTED PRICE
$2,560
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.7% |
| 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
$164,618
LOAN DETAILS
$2,082
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,875 |
| Loan Amount | $449,625 |
3.33
YEARS SAVED
$16,866
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,267
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,195
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19320 W Oregon Avenue Litchfield Park, AZ 4
- 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010
LEASED 04/21/20- Rent
- Rent Per SQFT
- $2,200
- $0.78
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191085
Last Updated: 02/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
