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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $204.68
- 3 Days on Market
- MLS # : 6167539
- Updated Date : 12/04/2020 at 10:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,710 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Welcome home! This remarkable corner house with oversized yard is nicely situated in Cooper Commons. The impressive interior provides all that you're looking for from the great room concept to the well layed out split 3 bed 2 bath floorplan. There is plenty of natural light throughout. The delightful eat-in kitchen is spacious with an island, offers high-end appliances, recessed lighting, walk in pantry and much more. The master suite has picture windows and a gleaming bathroom with dual sinks, separate tub, step-in shower, and walk-in closet. Nicely landscaped, easy maintenance grassy backyard includes extended covered patio and privacy ideal for your gatherings. You will enjoy your new home!
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PRICE & RENT TRENDS
Neighborhood: Cooper Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cooper Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$249 | |
| Property Insurance | -$61 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$17
|
||
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.
$350,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.0% |
| 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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
5.58
YEARS SAVED
$25,395
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,727
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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- $1,695
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LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.11
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167539
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.
