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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $149.29
- 4 Days on Market
- MLS # : 6186463
- Updated Date : 01/29/2021 at 21:28
CONSTRUCTION
- Beds : 3
- Floor Size : 2,311 sqft
- Baths : 2 full
Listing Agent
Century 21 Arizona Foothills
Listing Agent's Description
Gorgeous home on the golf course with a fantastic floorplan and a sparkling pool - this home has it all! Featuring granite countertops, a large eat-in-kitchen and spacious island w/breakfast bar, huge walk-in pantry, and lots of cabinets. Kitchen open to spacious family room which leads out to pool and golf course. The popular floorplan has 3 bedrooms plus a den, 2 full baths, a dining room and living room. The spacious master suite features a separate tub and walk-in shower, large walk-in closet, dual vanity, plus a separate exit to the patio. New interior paint 1/2021. Don't miss this move-in ready home!
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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 | $1,310 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$322 | |
| Property Insurance | -$72 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$397
|
||
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.
$345,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.38%
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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
0.42
YEARS SAVED
$410
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.57
LIST RENT PER SQFT
-
$1,456
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
21601 N Van Loo Drive Maricopa, AZ 1
- 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,310
- $0.57
-
42606 W Chambers Drive Maricopa, AZ 2
- 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2004
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.63
-
22022 N Vargas Drive Maricopa, AZ 3
- 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,450
- $0.63
-
22013 N Van Loo Drive Maricopa, AZ 4
- 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,450
- $0.63
-
22200 N Vargas Drive Maricopa, AZ 5
- 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2005
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.63
PROPERTY LISTING DETAILS
Century 21 Arizona Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186463
Last Updated: 01/29/2021
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.
