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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $201.12
- 2 Days on Market
- MLS # : 6184571
- Updated Date : 01/23/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,368 sqft
- Baths : 2 full
Listing Agent
Drh Properties Inc
Listing Agent's Description
Now Selling. Brand new Homes 8000 sq ft LOTWOW! INCLUDES AMAZING UPGRADES AT A FANTASTIC VALUE. 3 BED PLUS 2 BATH SMARTHOME TECHNOLOGY WIFI T STAT PROGRAMMABLE DOORLOCK TOUCH SCREEN SMART PANEL FOR 2 CAMERAS AMAZON ECHO AND DOT,EIFI GARARGE DOOR OPENER GRANITE , BLINDS 20' TILE. FRONT AND BACK LANDSCAPE. GRANITE
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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 | $1,100 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$257 | |
| Property Insurance | -$54 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$337
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$275,130
PROJECTED PRICE
$1,100
PROJECTED RENT
0.40%
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) | 3.00% |
| 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
$74,909
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,783 |
| Loan Amount | $206,348 |
0.33
YEARS SAVED
$157
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,100
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,049
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
20268 N Valencia Drive Maricopa, AZ 1
- 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,100
- $0.80
-
36496 W Pampoloma Avenue Maricopa, AZ 2
- 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,249
- $0.75
-
36508 W Montserrat Street Maricopa, AZ 3
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2019
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,300
- $0.76
-
17902 N Pietra Road Maricopa, AZ 4
- 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,325
- $0.79
PROPERTY LISTING DETAILS
Drh Properties Inc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184571
Last Updated: 01/23/2021
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.
