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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $204.33
- 2 Days on Market
- MLS # : 6201834
- Updated Date : 03/06/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,031 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
BRAND NEW, NEVER LIVED IN HOME. The Pacific Coast Home Builders association award winning community of Verrado has A brand new home for sale. It has never been occupied and still has a new home builder warranty that is transferable! It is less than one block to the Heritage Swim Park and Great Lawn that is included in your HOA dues. It is also approximately two blocks from the Heritage Elementary school. This home has a grey and white motif. Grey cabinets, granite tops, and 2.5 baths. All the bedrooms, laundry room and bonus room are upstairs. Bonus room is a loft/family room. Downstairs is a half bath, great room, pantry and garage. It is absolutely beautiful! Come see your new home!
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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 | $1,760 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$385 | |
| Property Insurance | -$67 | |
| HOA | -$116 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$349
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$415,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.42%
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) | 3.00% |
| 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
$111,975
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
1.17
YEARS SAVED
$2,067
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,757
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
20872 W Thomas Road Buckeye, AZ 4
- 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,031 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,760
- $0.87
-
21020 W Ridge Road Buckeye, AZ 1
- 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2010
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,595
- $0.80
-
21049 W Wycliff Drive Buckeye, AZ 2
- 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2011
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,695
- $0.85
-
2480 N Eastview Way Buckeye, AZ 3
- 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2012
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
21031 W Wycliff Drive Buckeye, AZ 5
- 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2011
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6201834
Last Updated: 03/06/2021
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.
