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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $142.30
- 4 Days on Market
- MLS # : 6157917
- Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
- Beds : 5
- Floor Size : 4,322 sqft
- Baths : 4 full
Listing Agent
Austin Fleck Property Management
Listing Agent's Description
Don't miss this spacious beautiful home on a huge lot! Beautiful kitchen with gas appliances. Great downstairs living spaces for entertaining. Mother in law bedroom/full bath downstairs. Two Story with beautiful staircase leading upstairs to 4 bedrooms and 3 full bathrooms and large laundry room. Jack and Jill bathroom for two of the upstairs bedrooms. Large loft for family time. Plenty of storage space throughout the home. Storage cabinets in 3 car tandem garage. 3 Community pools/ one is heated at main clubhouse. Great location, close to popular restaurants, parks and shopping. This home has it all.
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PRICE & RENT TRENDS
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lyons Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$2,269 |
| Property Tax | -$420 | |
| Property Insurance | -$111 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$89
|
||
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.
$615,000
PROJECTED PRICE
$2,870
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.9% |
| 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
$168,725
LOAN DETAILS
$2,269
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
4.5
YEARS SAVED
$32,964
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,870
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$3,414
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/14/20- Rent
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- 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,422 Sqft ∙ Built 2003
LEASED 06/07/20- Rent
- Rent Per SQFT
- $3,900
- $0.88
PROPERTY LISTING DETAILS
Austin Fleck Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6157917
Last Updated: 11/13/2020
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.
