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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $147.94
- 2 Days on Market
- MLS # : 6178985
- Updated Date : 01/09/2021 at 06:23
CONSTRUCTION
- Beds : 3
- Floor Size : 2,230 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Rancho El Dorado golf course lot and community. This single story home has it all! Light & bright interior features a great-room perfect for entertaining friends. The kitchen is equipped with plenty of cabinets, high-end appliances, travertine back-splash, and much more for you to practice your cooking skills. In the main bedroom you will find sunny bay window for a sitting area, a door to patio that ensures a private space, and its own master bath for an added comfort. The master bath is comprised of dual sinks, soaking tub, step-in shower, and walk-in closet. The BONUS room (currently used as 4th bedroom) has double entry doors and is large enough to use as office space/den! Desert style backyard with open views of the 4th hole fairway without sacrificing privacy! Furniture available!
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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 | $1,670 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$308 | |
| Property Insurance | -$71 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$31
|
||
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.
$329,900
PROJECTED PRICE
$1,670
PROJECTED RENT
0.51%
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
$93,174
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
5.67
YEARS SAVED
$21,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,489
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
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- $1,350
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LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,400
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22118 N Lakeside Drive Maricopa, AZ 3
- 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,450
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-
22226 N Van Loo Drive Maricopa, AZ 4
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LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,600
- $0.71
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178985
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
