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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $227.27
- 3 Days on Market
- MLS # : 6176206
- Updated Date : 01/02/2021 at 02:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,738 sqft
- Baths : 2 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
Single story home in Verrado in beautiful tree lined street. Desirable corner lot across from green belt. Split floor plan with 3 bedrooms plus den. Open kitchen to living and dining room area. Plantation shutters throughout home. Low maintenance landscape. Heritage resort style community pool nearby. Verrado has 78 community parks, an amazing golf club,, gym, community pools, and main street with restaurants and shops.
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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 | $1,710 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$367 | |
| Property Insurance | -$61 | |
| HOA | -$116 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$390
|
||
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.
$395,000
PROJECTED PRICE
$1,710
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
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
0.83
YEARS SAVED
$1,522
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,721
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/16/20- Rent
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LEASED 07/11/20- Rent
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- $1,750
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LEASED 12/18/20- Rent
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LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,825
- $0.97
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176206
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
