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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $141.38
- 5 Days on Market
- MLS # : 6200114
- Updated Date : 02/27/2021 at 04:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,228 sqft
- Baths : 2 full , 1 half
Listing Agent
Nexgen Real Estate
Listing Agent's Description
The perfect Vista De Montana Pulte home located on a corner lot with no neighbors to the east. Enjoy an inviting grassy hill to read, play or soak up in the Arizona Sun. An ideal and cozy size home welcoming you into a sitting room as you enter the front door, to a nice size tiled kitchen and family room perfect for entertaining guest. This adorable 2 story home features a 2 car garage, 4 bedroom, 2.5 baths and a spacious loft on the second floor. It's a nice home that will not last !
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PRICE & RENT TRENDS
Neighborhood: Vista de Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista de Montana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$275 | |
| Property Insurance | -$71 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$151
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
7.58
YEARS SAVED
$30,871
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,172
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/07/20- Rent
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LEASED 07/31/20- Rent
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- $1,950
- $0.99
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LEASED 02/12/21- Rent
- Rent Per SQFT
- $1,995
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LEASED 02/15/21- Rent
- Rent Per SQFT
- $2,140
- $1.02
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200114
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
