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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $135.32
- 4 Days on Market
- MLS # : 6183702
- Updated Date : 01/22/2021 at 06:18
CONSTRUCTION
- Beds : 5
- Floor Size : 4,057 sqft
- Baths : 4 full
Listing Agent
Realty Executives
Listing Agent's Description
Highly upgraded customized home located in Pecos Vista 2 gated community. Desirous floorplan with kitchen and center island opening to spacious family room with gas fireplace. Off kitchen is a butler kitchen entering formal dining room with gorgeous chandelier. Master bedroom is located on main level. Separate shower and tub and a huge walk-in closet with custom built-in shelving and drawers. There is additional bedroom/office downstairs and a separate full bath. Upstairs features four bedrooms, a Jack and Jill bathroom between two and additional separate bath for the other two bedrooms. Bedrooms have walk-in closets. Home is stately with plantation shutters, crown molding and upgraded baseboards, window shelves, and more. $65,895 of improvements -SEE DOCUMENTS. Yard is prof. landscaped
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PRICE & RENT TRENDS
Neighborhood: Pecos Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pecos Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$1,907 |
| Property Tax | -$328 | |
| Property Insurance | -$106 | |
| HOA | -$136 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$224
|
||
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.
$549,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| 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
$151,235
LOAN DETAILS
$1,907
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,250 |
| Loan Amount | $411,750 |
7.33
YEARS SAVED
$49,857
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
-
$2,941
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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934 W Whitten Street Chandler, AZ 4
- 4 beds 4 baths ∙ 4,059 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,059 Sqft ∙ Built 2006
LEASED 04/01/20- Rent
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- $2,995
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1650 S Evergreen Street Chandler, AZ 5
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LEASED 07/23/19- Rent
- Rent Per SQFT
- $3,100
- $0.78
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183702
Last Updated: 01/22/2021
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.
