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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $155.77
- 4 Days on Market
- MLS # : 6183157
- Updated Date : 02/11/2021 at 00:09
CONSTRUCTION
- Beds : 4
- Floor Size : 3,075 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
This is an awesome spacious home with 5 bedrm (4 bedrms plus an office/loft) and 3 bathrooms with an open floorplan. One bedroom downstairs with separate full bath. Large living areas and a giant kitchen with lots of cabinetry, pantry, and island with breakfast bar. Resort type backyard with a sparkling pool w/ waterfall plus a spa and a cozy gas fire-pit. BBQ all set up for grilling while playing with family and friends. Low maintenance forever green turf for kids and/or pets to play on. Close to parks, restaurants, San Tan Village, Top Golf and the freeways.
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PRICE & RENT TRENDS
Neighborhood: Villages of Eastridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages of Eastridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,664 |
| Property Tax | -$289 | |
| Property Insurance | -$87 | |
| HOA | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$103
|
||
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.
$479,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.0% |
| 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
$132,685
LOAN DETAILS
$1,664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $119,750 |
| Loan Amount | $359,250 |
4.08
YEARS SAVED
$18,325
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
-
$2,329
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/15/19- Rent
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- $2,200
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- $2,200
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- 3 beds 2 baths ∙ 2,765 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,765 Sqft ∙ Built 1997
LEASED 06/20/20- Rent
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- $2,200
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LEASED 01/22/21- Rent
- Rent Per SQFT
- $2,200
- $0.72
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183157
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.
