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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $136.94
- 2 Days on Market
- MLS # : 6160634
- Updated Date : 11/14/2020 at 12:32
CONSTRUCTION
- Beds : 5
- Floor Size : 3,644 sqft
- Baths : 4 full
Listing Agent
Homesmart
Listing Agent's Description
There is NOTHING like this home on the market!! Beautiful 5 bed, 4 bath 3644 sq ft BEAUTY with HEATED POOL and SPA, 3 car garage, and a VIEW LOT that borders a common green space! The Formal Living room features SOARING Ceilings plus a gorgeous Formal Dining Room and Kitchen with NEW Quartz Counters, a Center Island, Elegant cabinets, Stainless Appliances, New Lighting, New Kraus Kitchen Sink, Bay Window PERFECT for Entertaining Guest as it's OPEN to a Gorgeous Great Room! ONE Bedroom and a FULL full bath is downstairs- perfect Home office!
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PRICE & RENT TRENDS
Neighborhood: Sierra Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$347 | |
| Property Insurance | -$98 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$355
|
||
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.
$499,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$137,985
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
2
YEARS SAVED
$7,614
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.56
LIST RENT PER SQFT
-
$2,150
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
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- 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,095
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,195
- $0.64
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160634
Last Updated: 11/14/2020
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.
