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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $156.53
- 4 Days on Market
- MLS # : 6169189
- Updated Date : 12/11/2020 at 20:28
CONSTRUCTION
- Beds : 4
- Floor Size : 1,693 sqft
- Baths : 2 full
Listing Agent
World Class Properties
Listing Agent's Description
LOCATION LOCATION LOCATIONCorner lot. Located across the street from The Villages HOA Office and amenties!Walking distance to Fry's Marketplace and restaurants, etc.2015 painted outside. 2020 painted inside. Privacy! There is only 1 neighbor on one side! Master suite has double sinks soaking tub and shower as well as a large walk in closet. Split floor plan with master suite at rear and three bedrooms in front. The backyard is like a tropical oasis....professionally landscaped with low voltage lighting, therapeutic hot tub spa, fire pit built into the seat wall, with mature trees. full covered patio across the whole width of the home, 2 ceiling fans and sun shades and also outdoor speakers. Sun screens at every window, Steel security door at front door, Surround system. R/O system.
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$257 | |
| Property Insurance | -$60 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$186
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$265,000
PROJECTED PRICE
$1,230
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
2.25
YEARS SAVED
$4,676
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,230
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,359
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
21011 N Sansom Drive Maricopa, AZ 1
- 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,230
- $0.73
-
21015 N Alma Drive Maricopa, AZ 2
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2004
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,299
- $0.80
-
21286 N Sunset Drive Maricopa, AZ 3
- 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 2006
![property image]()
LEASED 01/12/20- Rent
- Rent Per SQFT
- $1,350
- $0.80
-
43809 W Sagebrush Trail Maricopa, AZ 4
- 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2002
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,350
- $0.81
-
43850 W Snow Drive Maricopa, AZ 5
- 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005
![property image]()
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,500
- $0.80
PROPERTY LISTING DETAILS
World Class Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169189
Last Updated: 12/11/2020
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.
