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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $160.17
- 5 Days on Market
- MLS # : 6174137
- Updated Date : 12/23/2020 at 18:36
CONSTRUCTION
- Beds : 4
- Floor Size : 1,873 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arizona Realty
Listing Agent's Description
This great family home offers 4 bedrooms & 2 baths in 1873 SqFt with separate living, dining and family rooms. The kitchen has staggered maple cabinetry, lots of counter space, black/stainless appliances, breakfast bar, & pantry. Sliding doors lead out from the great room to a large, private backyard with an extended patio, low maintenance desert landscaping, firepit, and storage shed. Split bedrooms. The master has a private bath with dual sink vanity, separate tub & shower and walk-in closet. Two secondary bedrooms also have walk-in closets. Other features include an oversized 2 car garage, double gate, front security door, tile floors throughout living areas and baths, carpet in bedrooms, arched doorways, & convenient access to I-10 & Loop 101. See today!
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PRICE & RENT TRENDS
Neighborhood: Roosevelt Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Roosevelt Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$215 | |
| Property Insurance | -$64 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$63
|
||
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.
$300,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
6.5
YEARS SAVED
$27,214
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,859
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,875
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Arizona Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174137
Last Updated: 12/23/2020
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.
