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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $196.46
- 2 Days on Market
- MLS # : 6203326
- Updated Date : 03/06/2021 at 22:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,799 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
Beautiful home is the outstanding Meridian is everything you've dreamed of! Great curb appeal, 2 car garage, desert front yard, and lovely courtyard. Walk down the hallway to the pristine great room which boasts tons of natural light, wood plank tile, and clean lines. Magazine cover kitchen features staggered cabinets w/crown molding, cutting-edge appliances, tile backsplash, granite counters, and island w/breakfast bar. You'll also find a den and a bonus room. The master suite has carpet, exit to back patio, and barn door to the immaculate ensuite with dual vanity, glass shower, freestanding tub, and walk-in closet. Backyard is the right place to relax & enjoy the fresh air. This incredible community offers parks, resort-style pool, and lush green areas. Words don't make it justice!
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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 | $2,250 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$401 | |
| Property Insurance | -$82 | |
| HOA | -$95 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$337
|
||
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.
$549,900
PROJECTED PRICE
$2,250
PROJECTED RENT
0.41%
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
$151,474
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,475 |
| Loan Amount | $412,425 |
2.08
YEARS SAVED
$7,592
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
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 07/17/20- Rent
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- $2,300
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22318 S 226th Place Queen Creek, AZ 4
- 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,899 Sqft ∙ Built 2016
LEASED 09/12/19- Rent
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- $2,450
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.85
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203326
Last Updated: 03/06/2021
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.
