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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $186.86
- 30 Days on Market
- MLS # : 6170806
- Updated Date : 12/17/2020 at 14:21
CONSTRUCTION
- Beds : 3
- Floor Size : 3,061 sqft
- Baths : 3 full , 1 half
Listing Agent
New Home Star Arizona, Llc
Listing Agent's Description
TO BE BUILT | EXCLUSIVE LUXURY | GATED COMMUNITY | LOW HOA | NO LOTTERY! Fantastic location outside the city near Surprise and backed up to the White Tank Mountains with easy access to all entertainment in the West Valley Peace, Privacy, & Space Between Neighbors is what you get here! The Joyce is a super spacious & flexible single level plan made up of 3,061 sq ft, Spray Foam Insulation, 10ft Ceilings, 8ft Doors, Den & Study, 3 Car Split Garage, Paver Driveway & Walkway. Custom options allow for a up to 5 beds, 4 Baths, Oversized Master Shower, Multi-Slide Stacking Glass Doors, Formal Dining Room, Gas Drop for Cooking, Customizable Color & Finish w/Professional Designer! PICTURES ARE FROM MODEL HOME NOT SUBJECT PROPERTY.
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PRICE & RENT TRENDS
Neighborhood: Sonoran Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,987 |
| Property Tax | -$351 | |
| Property Insurance | -$87 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$761
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$571,990
PROJECTED PRICE
$1,820
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 3.00% |
| 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
$153,577
LOAN DETAILS
$1,987
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,998 |
| Loan Amount | $428,993 |
0.17
YEARS SAVED
$110
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,913
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
19341 W Seldon Lane Waddell, AZ 1
- 3 beds 4 baths ∙ 3,061 Sqft ∙ Built 2021 3 beds 4 baths ∙ 3,061 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $0
- $0.00
-
18654 W Carol Avenue Waddell, AZ 2
- 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2014
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,835
- $0.67
-
9730 N 182nd Lane Waddell, AZ 3
- 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2010
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,850
- $0.58
PROPERTY LISTING DETAILS
New Home Star Arizona, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170806
Last Updated: 12/17/2020
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.
