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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $155.92
- 4 Days on Market
- MLS # : 6174454
- Updated Date : 12/24/2020 at 14:03
CONSTRUCTION
- Beds : 5
- Floor Size : 3,521 sqft
- Baths : 3 full
Listing Agent
Re/max Solutions
Listing Agent's Description
Start out 2021 in an amazing new home located in an exclusive cul de sac! There is so much you're going to love about this one. It's located in the gorgeous and sought after neighborhood of the Cortina in Queen Creek. It's minutes from shopping, great schools & parks, restaurants, theaters, and much more. Offering 5 spacious bedrooms with ceiling fans, a den that could be a 6th, remodeled bathroom & a terrific loft. Neutral color paint throughout & an open floor plan. Your new amazing kitchen has tile backsplash, granite countertops, island with breakfast bar, ungraded cabinets with tons of storage space, pantry, & recessed lighting. Separate family & living rooms with built in shelving in the family room.
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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 | $2,460 |
EXPENSES | Loan Payment | -$2,026 |
Property Tax | -$445 | |
Property Insurance | -$96 | |
HOA | -$82 | |
Property Management Fees | -$99 | |
CASH FLOW
-$288
|
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.
$549,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.45%
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
$151,235
LOAN DETAILS
$2,026
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $137,250 |
Loan Amount | $411,750 |
2.5
YEARS SAVED
$13,132
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,474
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Re/max Solutions
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174454
Last Updated: 12/24/2020

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.