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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $130.90
- 2 Days on Market
- MLS # : 6173380
- Updated Date : 12/26/2020 at 02:15
CONSTRUCTION
- Beds : 5
- Floor Size : 3,201 sqft
- Baths : 3 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Breathtaking 5 bedroom home in the desirable community of Verrado. Right when you walk inside you will see the modern farmhouse design that will make this open concept feel like home. Boasting a large first floor master bedroom and 4 bedrooms upstairs with a huge family room there is ample space for the whole family. A large 3 car garage just adds to the value of this home. Outside you will find a large low maintenance living space and a large front porch steps away from one of the many parks in Verrado.
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PRICE & RENT TRENDS
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$389 | |
| Property Insurance | -$90 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$53
|
||
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.
$419,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$116,785
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
5.58
YEARS SAVED
$30,304
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$2,257
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173380
Last Updated: 12/26/2020
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.
