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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $202.23
- 6 Days on Market
- MLS # : 6190034
- Updated Date : 02/11/2021 at 23:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,596 sqft
- Baths : 3 full
Listing Agent
Argo Real Estate Professionals
Listing Agent's Description
Spectacular home in VERRADO! Once you see this beauty in person you won't want to leave!! Enjoy some time on the front porch with UNOBSTRUCTED VIEWS of the MOUNTAINS! Once inside you'll find a separate bedroom and bathroom perfect for guests! Master bedroom has views of the BEAUTIFUL backyard oasis. Also enjoy the walk in closet, dual sinks, and SOAKING TUB in the master! Custom cabinets in the kitchen for maximum storage and a breakfast bar! This home was destined for entertaining with a BUILT IN ENTERTAINMENT CENTER!! Step out of the house into your own OASIS! Beautiful Pebbletec POOL and waterfall! Additional perks of this INCREDIBLE single story are, water softener, sunscreens, shelves in both the laundry room and garage! Plenty more to do in the community as well!! Come See today!
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PRICE & RENT TRENDS
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$488 | |
| Property Insurance | -$78 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$361
|
||
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.
$525,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
1.58
YEARS SAVED
$4,891
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,116
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $2,000
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LEASED 11/30/20- Rent
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- $2,075
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4148 N Evergreen Street Buckeye, AZ 4
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,195
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3951 N Founder Circle Buckeye, AZ 5
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LEASED 12/29/20- Rent
- Rent Per SQFT
- $2,200
- $0.80
PROPERTY LISTING DETAILS
Argo Real Estate Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190034
Last Updated: 02/11/2021
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.
