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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $166.47
- 5 Days on Market
- MLS # : 6186354
- Updated Date : 01/28/2021 at 00:42
CONSTRUCTION
- Beds : 4
- Floor Size : 1,712 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Welcome home to the beautiful gated community of Homestead. Look no more! You will love this model-perfect home. Featuring 4 beds & 2 baths. PREMIUM lot backing to the Greenbelt!! Kitchen boasts Granite counters, huge island & matching appliances. Other upgrades include 2 tone paint, 4 1/4'' baseboards, 16' tile throughout the home, plantation shutters, carpet in bedrooms only, ceiling fans, modern lighting in kitchen and baths, executive vanity, separate tub/shower in Master, covered patio, garage service door, front yard AND backyard landscaping & Double gate. This home really is the perfect layout for everyday living & entertaining. Enjoy nearby shopping & restaurants.
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$266 | |
| Property Insurance | -$61 | |
| HOA | -$108 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$144
|
||
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.
$285,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.0% |
| 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
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
2.5
YEARS SAVED
$5,541
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
-
$1,335
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
20261 N Herbert Avenue Maricopa, AZ 1
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $0
- $0.00
-
41876 W Cheyenne Drive Maricopa, AZ 2
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 2006
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,249
- $0.80
-
20847 N Mac Neil Street Maricopa, AZ 3
- 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,300
- $0.78
-
41280 W Sanders Way Maricopa, AZ 4
- 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2007
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.81
-
40896 W Crane Drive Maricopa, AZ 5
- 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2018
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,500
- $0.73
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186354
Last Updated: 01/28/2021
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.
