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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $124.87
- 1 Days on Market
- MLS # : 6185181
- Updated Date : 01/24/2021 at 04:33
CONSTRUCTION
- Beds : 4
- Floor Size : 3,764 sqft
- Baths : 3 full
Listing Agent
Century 21 Northwest
Listing Agent's Description
Beautiful two story home in the heart of the highly sought after subdivision of Cortessa. This home features 4 bedrooms, 3 bathrooms, two lofts and 3 car garage. Sit enjoy your coffee in the front living room with bay windows next to your stone fireplace. High vaulted ceilings, rod iron staircase, granite counter tops and breakfast bar, are just some of the features of this stunning home. Home has been freshly painted. Master suite showcases private balcony overlooking the White Tank Mountains, his and her sinks and soaking tub. Enjoy entertaining friends and family outside in your pebbletec swimming pool with slide and waterfall, turf putting green and even a turf dog run. All this plus solar!
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PRICE & RENT TRENDS
Neighborhood: Waddell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waddell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$288 | |
| Property Insurance | -$101 | |
| HOA | -$89 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$59
|
||
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.
$470,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.5% |
| 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
$130,300
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
4.58
YEARS SAVED
$22,405
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,258
COMP ESTIMATED VALUE -
$0.6
COMP AVG. RENT PER SQFT
Comps Range
-
18509 W Onyx Court Waddell, AZ 1
- 4 beds 3 baths ∙ 3,764 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,764 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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17814 W Bloomfield Road Surprise, AZ 2
- 5 beds 4 baths ∙ 3,989 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,989 Sqft ∙ Built 2008
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,050
- $0.51
-
10016 N 184th Drive Waddell, AZ 3
- 5 beds 4 baths ∙ 3,913 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,913 Sqft ∙ Built 2006
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,700
- $0.69
PROPERTY LISTING DETAILS
Century 21 Northwest
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185181
Last Updated: 01/24/2021
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.
