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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $177.81
- 3 Days on Market
- MLS # : 6196928
- Updated Date : 02/26/2021 at 22:21
CONSTRUCTION
- Beds : 5
- Floor Size : 3,875 sqft
- Baths : 3 full , 1 half
Listing Agent
3rd Base Realty Group Llc
Listing Agent's Description
Location, views, & pride of ownership. Enjoy beautiful mountain & city light views from this well maintained home. Located in the heart of the Main Street District, just streets away from parks & close to all of the amenities . If you love the outdoors you will love the backyard pool, the courtyard and at the front the porch & balcony. This home is very private with no neighbors behind you & single level homes on either side. Inside you will find lots of room with a bedroom & full bath downstairs as well as a large office. Upstairs you will find 4 more bedrooms & a loft which is a great place for classes & homework.This is a beautiful well maintained home with all of the amenities of Verrado including parks, playgrounds, workout center, sport courts, golf & dining.
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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 | $3,160 |
| EXPENSES | Loan Payment | -$2,393 |
| Property Tax | -$640 | |
| Property Insurance | -$103 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$188
|
||
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.
$689,000
PROJECTED PRICE
$3,160
PROJECTED RENT
0.46%
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
$188,335
LOAN DETAILS
$2,393
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $172,250 |
| Loan Amount | $516,750 |
3.5
YEARS SAVED
$21,054
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
-
$3,681
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/03/19- Rent
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- $2,940
- $0.78
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3727 N Springfield Street Buckeye, AZ 3
- 5 beds 4 baths ∙ 3,615 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,615 Sqft ∙ Built 2005
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,995
- $0.83
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2742 N Black Rock Road Buckeye, AZ 4
- 5 beds 4 baths ∙ 3,603 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,603 Sqft ∙ Built 2015
LEASED 08/16/20- Rent
- Rent Per SQFT
- $4,000
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3183 N Summer Street Buckeye, AZ 5
- 5 beds 4 baths ∙ 3,717 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,717 Sqft ∙ Built 2007
LEASED 08/29/20- Rent
- Rent Per SQFT
- $4,000
- $1.08
PROPERTY LISTING DETAILS
3rd Base Realty Group Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196928
Last Updated: 02/26/2021
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.
