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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $162.44
- 2 Days on Market
- MLS # : 6204715
- Updated Date : 03/20/2021 at 21:21
CONSTRUCTION
- Beds : 5
- Floor Size : 3,232 sqft
- Baths : 3 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Top Rated Master Planned Community of Verrado home in A Rated Litchfield School District with Mountain views! Home sits across from green park in the Mainstreet district. Home boasts master on 1st floor plus additional guest suite with bathroom downstairs. 3 additional beds up & large loft with balcony overlooking green space. Kitchen with granite counters, island, pantry, gas stove & open concept. 1st floor laundry. This floorpan offers multiple office and home schooling options. North/South Facing & Mountain Views. Verrado offers 2 community pools, lap pool, gym, 78 parks, 21 miles of hiking/biking/walking trails & 2 golf courses.
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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 | $2,250 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$488 | |
| Property Insurance | -$90 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$363
|
||
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
$2,250
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
$4,753
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,351
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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20462 W Thayer Street Buckeye, AZ 4
- 5 beds 4 baths ∙ 3,232 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,232 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,250
- $0.70
-
20811 W Prospector Way Buckeye, AZ 1
- 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2006
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.65
-
20465 W Thayer Street Buckeye, AZ 2
- 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.73
-
20865 W Edith Way Buckeye, AZ 3
- 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,250
- $0.73
-
20450 W Crescent Drive Buckeye, AZ 5
- 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005
LEASED 11/24/20- Rent
- Rent Per SQFT
- $2,700
- $0.80
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6204715
Last Updated: 03/20/2021
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.
