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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $216.30
- 2 Days on Market
- MLS # : 6176345
- Updated Date : 01/02/2021 at 08:34
CONSTRUCTION
- Beds : 3
- Floor Size : 2,307 sqft
- Baths : 2 full , 1 half
Listing Agent
Giv Realty, Llc
Listing Agent's Description
Rare Find - Malibu Model Home on the Golf Course in Phase 2 of Westbrook Village, only about a 1 minute walk to the Community Center and All Amenities. The Double Door Entry leads to Beautiful Wood Floors with Soaring Vaulted Ceilings, Plantation Shutters and New Carpet in all Bedrooms. Open Eat-In Kitchen has LOTS of cabinet space and includes all appliances. The Spacious Master Suite features upgraded bathroom tile flooring, private toilet/shower room and custom closet shelving. Bedroom 2 has custom closet shelving. Large Laundry Room, Garage Cabinets & Large Attic Storage. Relax in beautiful backyard with gorgeous views, grass & citrus. Westbrook Village features Golf, Tennis, Community Center with Pool & Spa, Workout Facility, Activities and much more.
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PRICE & RENT TRENDS
Neighborhood: Tamarron Place at Westbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tamarron Place at Westbrook Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$271 | |
| Property Insurance | -$72 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$188
|
||
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
$2,100
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| 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 |
3.58
YEARS SAVED
$19,248
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,122
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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18915 N 87th Drive Peoria, AZ 5
- 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
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- 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1998
LEASED 05/20/20- Rent
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- $1,800
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- 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 2002
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
-
20870 N 91st Drive Peoria, AZ 3
- 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,173 Sqft ∙ Built 2000
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,950
- $0.90
-
20277 N 93rd Avenue Peoria, AZ 4
- 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 2000
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
PROPERTY LISTING DETAILS
Giv Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176345
Last Updated: 01/02/2021
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.
