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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $280.51
- 3 Days on Market
- MLS # : 6196797
- Updated Date : 02/19/2021 at 22:32
CONSTRUCTION
- Beds : 2
- Floor Size : 1,283 sqft
- Baths : 1 full , 1 half
Listing Agent
Long Realty West Valley
Listing Agent's Description
In a CLASS by itself! BREATHTAKING Golf Course and Mountain Views from this EXTENSIVELY UPGRADED and FULLY FURNISHED Corte Bella Country Club VILLA ! Brace yourself each day for brilliant sunsets over the White Tank mountains & and the open beauty of overlooking 3 wide fairways. This 2 bdrm, 2 bath home has had many upgrades including: HARDWOOD FLOORS throughout: KITCHEN GRANITE COUNTERTOP HAS BEEN lowered, opening up the great room to the view of the back patio and golf course and also counter seating AND new sink and gas range. Milgard sliding glass door opens to the extended covered patio w/ brick pavers, built in BBQ, Firepit, pony wall and for added privacy, open space to the right Also; newer water heater, disposal, PVC irrigation pipe plus 2 car garage w/ built in cabinets.
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PRICE & RENT TRENDS
Neighborhood: Corte Bella Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Corte Bella Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$331 | |
| Property Insurance | -$52 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$90
|
||
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.
$359,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| 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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
6.33
YEARS SAVED
$26,116
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
-
$1,530
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/14/20- Rent
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- Rent Per SQFT
- $1,800
- $1.12
PROPERTY LISTING DETAILS
Long Realty West Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196797
Last Updated: 02/19/2021
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.
