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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $179.91
- 2 Days on Market
- MLS # : 6176016
- Updated Date : 01/03/2021 at 03:17
CONSTRUCTION
- Beds : 4
- Floor Size : 3,613 sqft
- Baths : 3 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Gorgeous 4 Bed, 3.5 Bath plus home office with Heated Pool and Jacuzzi. As you enter the Office is just to the right and beyond, through the dbl doors you enter the Master with exit to pool and jacuzzi. Beautiful Master bath with his/her sinks, large soaking tub and snail walk-in shower. The Master walk-in closet has custom closet, with laundry bins. Left of the entry is the formal LR and Dining room. Past that is the huge Great Room with open gourmet kitchen and Lg walk-in pantry. There is a powder room and 3 other spacious bedrms. Jack-n-jill bath between 2 rooms and an ensuite full bath in 4th bedrm. Step out to the huge covered patio with rolling shades, fan and TV. Then step to the pool & jacuzzi and down to the Grotto w/TV. Park like yard - put green/horseshoes. Welcome Home!
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PRICE & RENT TRENDS
Neighborhood: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$534 | |
| Property Insurance | -$98 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$361
|
||
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.
$650,000
PROJECTED PRICE
$2,880
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.0% |
| 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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
2.42
YEARS SAVED
$14,026
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,880
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,939
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
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LEASED 06/15/20- Rent
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- $2,700
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- 5 beds 4 baths ∙ 3,384 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,384 Sqft ∙ Built 2005
LEASED 10/15/19- Rent
- Rent Per SQFT
- $3,000
- $0.89
-
17917 W San Miguel Avenue Litchfield Park, AZ 4
- 4 beds 4 baths ∙ 3,711 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,711 Sqft ∙ Built 2004
LEASED 12/16/19- Rent
- Rent Per SQFT
- $3,200
- $0.86
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176016
Last Updated: 01/03/2021
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.
