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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $176.85
- 2 Days on Market
- MLS # : 6159171
- Updated Date : 12/04/2020 at 18:55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,799 sqft
- Baths : 2 full , 1 half
Listing Agent
Movingaz Realty, L.l.c.
Listing Agent's Description
This Single Level Home Rests on Prime Corner Lot backing up to Lush Greenbelt and is located in the Highly Desirable Meridian Community. Amenities include Community Gardens, Basketball Court and Pool. Only One Neighbor! 3 Bedroom with Den, 2.5 Bathroom, Split Floorplan, Soaking Tub, Granite Countertops, Wood Look Tile, 9 foot ceilings, 8 Foot Doors, New Pool, Turf, Pavers in both Front and Back.
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PRICE & RENT TRENDS
Neighborhood: Meridian
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meridian
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,826 |
| Property Tax | -$361 | |
| Property Insurance | -$82 | |
| HOA | -$95 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$223
|
||
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.
$495,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| 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
$136,925
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
3.08
YEARS SAVED
$14,539
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,274
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
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- $2,600
- $0.85
PROPERTY LISTING DETAILS
Movingaz Realty, L.l.c.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6159171
Last Updated: 12/04/2020
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.
