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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $243.37
- 6 Days on Market
- MLS # : 6175378
- Updated Date : 12/29/2020 at 16:34
CONSTRUCTION
- Beds : 4
- Floor Size : 3,242 sqft
- Baths : 3 full
Listing Agent
Congress Realty, Inc.
Listing Agent's Description
Beautiful Custom Home Features 4 Bedrooms / 3 Full Baths / spacious open split floor plan / 4 car extended garage / Central Vac / Dual RV Gates / enclosed patio wall / paid for solar / located on 1.23 acres. Desert Landscaping w/large Saguaro. Entrance opens to soaring vaulted ceilings, custom propane fireplace, & a view of the elegant x-large swimming pool. Master bedroom has jacuzzi tub, snail shower, wet bar & propane fireplace.Chef's Dream custom kitchen. Jack and Jill Bedrooms. This home maximizes space well and is aesthetically appealing. Move in Ready.
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PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,250 |
| EXPENSES | Loan Payment | -$2,911 |
| Property Tax | -$667 | |
| Property Insurance | -$90 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$518
|
||
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.
$789,000
PROJECTED PRICE
$3,250
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$214,835
LOAN DETAILS
$2,911
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $197,250 |
| Loan Amount | $591,750 |
2.17
YEARS SAVED
$13,545
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,250
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,991
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/12/20- Rent
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- $3,450
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PROPERTY LISTING DETAILS
Congress Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175378
Last Updated: 12/29/2020
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.
