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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $171.27
- 2 Days on Market
- MLS # : 6187869
- Updated Date : 01/30/2021 at 18:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,956 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Located in the heart of Avondale, this lovely 3 bedroom 2 bath plus Den home features an open concept floorplan with vaulted ceilings. Enter to find a spacious formal living and dining area. The bright kitchen opens up to the great room which overlooks the pool. Kitchen features quartz countertops, oak cabinets, stainless steel appliances, island, pantry and breakfast nook. The primary room offers a large walk-in closet, separate tub and shower and service door to patio. Outback you'll find a covered patio and a sparkling pebble-tec pool to relax this summer away. Additional features include gas range, gas fireplace, ceiling fans throughout, laminate wood flooring in formal living spaces and an RV gate for added space. Recent updates include new paint inside/out, new carpet and new
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PRICE & RENT TRENDS
Neighborhood: Rancho Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$212 | |
| Property Insurance | -$65 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$84
|
||
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.
$335,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
4.25
YEARS SAVED
$13,542
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,521
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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- $1,550
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12859 W Sheridan Street Avondale, AZ 4
- 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1998
LEASED 01/01/21- Rent
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- $1,575
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LEASED 12/26/20- Rent
- Rent Per SQFT
- $1,735
- $0.85
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187869
Last Updated: 01/30/2021
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.
