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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $169.07
- 3 Days on Market
- MLS # : 6172945
- Updated Date : 12/18/2020 at 20:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,011 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
This home has it all. Corner lot. spacious floorplan, newer floors and paint. Spacious bonus room with an upstairs laundry. Gilbert school district and close to shopping.Their will be no showings via Showtime. Text agent for availability.
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PRICE & RENT TRENDS
Neighborhood: Cortina
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cortina
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$276 | |
| Property Insurance | -$66 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$137
|
||
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.
$340,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.3% |
| 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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
7.42
YEARS SAVED
$36,304
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,855
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/12/20- Rent
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LEASED 07/01/20- Rent
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- $1,875
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LEASED 06/21/19- Rent
- Rent Per SQFT
- $1,895
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.90
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172945
Last Updated: 12/18/2020
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.
