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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $218.09
- 3 Days on Market
- MLS # : 6158909
- Updated Date : 11/14/2020 at 08:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,609 sqft
- Baths : 2 full , 1 half
Listing Agent
Home Centric Real Estate, Llc
Listing Agent's Description
Beautifully updated home on a 1/3 acre premium lot! Stunning 4 bedroom, 2.5 bathroom home with a pavered courtyard, gourmet kitchen, great room, 10 ft ceilings, 3 car garage and beautiful backyard with build in gas BBQ, fire pit ,large pergola and POOL with tons of water features. This open floorplan has updated wood like tile, plantation shutters, custom 16' sliding doors and electric blinds. Chef's dream kitchen w/double ovens, 5 burner gas cooktop, stainless steel appliances, granite countertops, custom lighting, faux wood beams, 7.5'' base board, custom trim throughout including crown molding and island. New 12'X8' storage shed and room to store boats and toys.
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PRICE & RENT TRENDS
Neighborhood: Lucia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lucia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$2,099 |
| Property Tax | -$415 | |
| Property Insurance | -$78 | |
| HOA | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$451
|
||
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.
$569,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.5% |
| 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
$156,535
LOAN DETAILS
$2,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $142,250 |
| Loan Amount | $426,750 |
1.58
YEARS SAVED
$5,961
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,531
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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21440 S 193rd Street Queen Creek, AZ 3
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- $2,400
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LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.96
PROPERTY LISTING DETAILS
Home Centric Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6158909
Last Updated: 11/14/2020
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.
