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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $174.27
- 3 Days on Market
- MLS # : 6193788
- Updated Date : 02/12/2021 at 22:09
CONSTRUCTION
- Beds : 3
- Floor Size : 2,324 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
This nicely upgraded home sits on an oversized lot and offers 3 bedrooms + den/office & 2.5 baths in 2324 SqFt with an open great room layout and split bedrooms. The gourmet kitchen features 42'' espresso cabinetry, Quartz countertops, subway tile backsplash, stainless appliances with gas cooktop & double ovens, walk-in pantry, and island with breakfast bar & modern pendant lighting. Sliding doors lead out to the covered patio, extended paver patio, and an easy-care backyard with artificial turf and desert landscaping. The spacious master bedroom has a private bath with dual sink vanity, oversized walk-in tiled shower with bench seating, linen closet and walk-in closet. One secondary bedroom also has a walk-in closet, and the hall bath has an extended vanity with tub/shower combo. Other *
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PRICE & RENT TRENDS
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85142
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,407 |
| Property Tax | -$202 | |
| Property Insurance | -$72 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$112
|
||
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.
$405,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| 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
$113,075
LOAN DETAILS
$1,407
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
3.83
YEARS SAVED
$14,375
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,772
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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- $1,975
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PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193788
Last Updated: 02/12/2021
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.
