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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $210.63
- 2 Days on Market
- MLS # : 6187095
- Updated Date : 02/12/2021 at 23:47
CONSTRUCTION
- Beds : 4
- Floor Size : 3,461 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
A gorgeous semi-custom Toll Brothers home featuring four bedrooms, three-and-a-half bathrooms, and three car side-by-side garage. This stupendous home is located in the highly desirable gated community of Sonoran Foothills. The homes interior includes a chef's kitchen with Jenn-Air appliances and a family room with gas fireplace. The over sized master bedroom includes a seating area with coffered ceilings and a master bathroom with a jetted tub and separate shower. The interior has recently been painted and features plantation shutters throughout. Additionally, the home includes a private ensuite bedroom/bath combination with a walk-in closet perfect for your guests. The garage has epoxy flooring and built in cabinets. Enjoy those warm summer days in the private pool and those cool winter
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PRICE & RENT TRENDS
Neighborhood: Sonoran Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$2,532 |
| Property Tax | -$436 | |
| Property Insurance | -$95 | |
| HOA | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$771
|
||
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.
$729,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$198,935
LOAN DETAILS
$2,532
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $182,250 |
| Loan Amount | $546,750 |
0.58
YEARS SAVED
$1,451
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,492
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
2028 W Calle De Las Estrella -- Phoenix, AZ 4
- 4 beds 4 baths ∙ 3,461 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,461 Sqft ∙ Built 2004
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- Rent
- Rent Per SQFT
- $2,450
- $0.71
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,245
- $0.69
-
33211 N 24th Drive Phoenix, AZ 2
- 5 beds 3 baths ∙ 3,333 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,333 Sqft ∙ Built 2005
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LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,295
- $0.69
-
2421 W Night Owl Lane Phoenix, AZ 3
- 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003
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LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,400
- $0.72
-
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- 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004
![property image]()
LEASED 02/08/21- Rent
- Rent Per SQFT
- $2,600
- $0.78
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187095
Last Updated: 02/12/2021
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.
