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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $215.24
- 2 Days on Market
- MLS # : 6163565
- Updated Date : 11/21/2020 at 12:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,765 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
WOW! What a great house*If you are looking for an extremely upgraded and well maintained home, with very low maintenance, in a gated community---this one is for you! Sellers bought this home 8 years ago, completely remodeled and upgraded almost everything and have used it as a 2nd home ever since*There are custom cabinets & granite counter tops everywhere*Beautiful shutters on all windows, stainless steel appliances in the fantastic kitchen, highly upgraded carpeting and beautiful tile floors in all the right places* And there is no wasted space in this home with the spacious great room, kitchen, guest bath & laundry on the lower level & 3 bedrooms upstairs including a large master with a wonderful master bath and a big walk-in closet too*There is a nice covered patio off the kitchen and
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PRICE & RENT TRENDS
Neighborhood: Pennington Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pennington Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$221 | |
| Property Insurance | -$62 | |
| HOA | -$184 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$328
|
||
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.
$379,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.43%
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
$106,424
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
1.5
YEARS SAVED
$3,626
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,734
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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- $1,550
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- 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 1985
LEASED 05/01/20- Rent
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- $1,750
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LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,795
- $1.09
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163565
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.
