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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $190.23
- 1 Days on Market
- MLS # : 6157590
- Updated Date : 11/14/2020 at 17:14
CONSTRUCTION
- Beds : 4
- Floor Size : 3,112 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Nice open floor plan, the Harlan has Formal Dining/Living room. Split floor plan w/generous Master bedroom, double door entry & bay window. Master bath has separate tub/shower, double sinks, raise vanity & walk in closet.Large kitchen w/ island, breakfast bar & cabinets, overlooks family room w/ SGD to covered patio & Pool. 3 bedrooms, a 3/4 bath & 1 Jack & Jill full bath w/ 2 bedrooms w/ their own sinks. All bedrooms w/walk in closets, Teen room, built in desk area. Ceiling fans & Mini blinds T/O. Attached 3 car garage with service door to back & 20' x 40' RV garage. built in cabinets, A/C & utility sink. Separate service door to pool area. Large driveway from behind 16' RV gate to RV garage, Runners from street to RV gate. 220 amp service in RV garage.
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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 | $2,340 |
| EXPENSES | Loan Payment | -$2,184 |
| Property Tax | -$486 | |
| Property Insurance | -$88 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$630
|
||
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.
$592,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.40%
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
$162,630
LOAN DETAILS
$2,184
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,000 |
| Loan Amount | $444,000 |
0.67
YEARS SAVED
$1,610
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,490
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.85
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157590
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.
