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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $189.91
- 3 Days on Market
- MLS # : 6183785
- Updated Date : 01/23/2021 at 17:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,843 sqft
- Baths : 2 full
Listing Agent
Re/max Professionals
Listing Agent's Description
This is NOT an age-restricted community!!! Model perfect home with play pool and baja shelf backing to hill with amazing view fencing This home is better than new and features top-of-the line granite with subway tile, pendant lighting, and stainless steel appliances. Crown molding in kitchen and family room. Family has gorgeous wood panel wall. Both baths have been remodeled featuring copper vessel sinks in master bath, security system and app controlled thermostat.TV on back patio can stay as well as desk in den and bedroom set.
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PRICE & RENT TRENDS
Neighborhood: Rio Sierra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rio Sierra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$275 | |
| Property Insurance | -$63 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$2
|
||
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.
$350,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.3% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
5.17
YEARS SAVED
$18,471
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,470
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/28/20- Rent
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- $1,495
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LEASED 02/20/20- Rent
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- $1,500
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LEASED 11/17/19- Rent
- Rent Per SQFT
- $1,600
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LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183785
Last Updated: 01/23/2021
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.
