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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $163.58
- 4 Days on Market
- MLS # : 6175867
- Updated Date : 12/31/2020 at 22:52
CONSTRUCTION
- Beds : 6
- Floor Size : 3,668 sqft
- Baths : 4 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
CASITA!!! You'll absolutely adore this beautiful grassy landscaping, along w/ 3.5 car garage & guest house. As you enter this fantastic home, you'll see a welcoming interior complete with living/dining area, gorgeous chandelier, lots of natural light, & a spacious loft ideal for entertaining. Enjoy cooking in this impressive kitchen offering breakfast room, granite countertops, centered island, & high-end appliances along with a wine station ready to be used. Inside the main bedroom, you will find designer paint, vaulted ceilings, & luxurious bathroom with dual sinks, separate tub, step-in shower, & walk-in closet. Huge backyard w/covered patio and fenced-in pool/spa is waiting just for you. This house has plenty of room both inside & out for entertaining or room for the kids to play.
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PRICE & RENT TRENDS
Neighborhood: Sossaman Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sossaman Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,730 |
| EXPENSES | Loan Payment | -$2,214 |
| Property Tax | -$487 | |
| Property Insurance | -$99 | |
| HOA | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$270
|
||
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.
$599,999
PROJECTED PRICE
$2,730
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$164,750
LOAN DETAILS
$2,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $150,000 |
| Loan Amount | $449,999 |
3
YEARS SAVED
$17,074
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
-
$2,690
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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21841 S 185th Place Queen Creek, AZ 1
- 6 beds 4 baths ∙ 3,668 Sqft ∙ Built 2003 6 beds 4 baths ∙ 3,668 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
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3541 E Eleana Lane Gilbert, AZ 2
- 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2005
LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,595
- $0.77
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18560 E Strawberry Drive Queen Creek, AZ 3
- 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005
LEASED 06/20/20- Rent
- Rent Per SQFT
- $2,699
- $0.71
-
18546 E Sawgrass Trail Queen Creek, AZ 4
- 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,745 Sqft ∙ Built 2004
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,700
- $0.72
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175867
Last Updated: 12/31/2020
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.
