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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $178.33
- 6 Days on Market
- MLS # : 6175143
- Updated Date : 01/02/2021 at 15:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,243 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Move In Ready Home at Prevalent at Madison Ranch is conveniently located in South Mountain within a few miles of great hiking trails and just 5 miles from Downtown Phoenix. This two story home boasts contemporary architectural features, bright and open great room, several customized structural options and first floor master bedroom. White shaker cabinetry with granite counters in kitchen, all first floor upgraded tile , huge loft upstairs and upgraded master shower make this home a must see.
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PRICE & RENT TRENDS
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$260 | |
| Property Insurance | -$71 | |
| HOA | -$97 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$153
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$399,999
PROJECTED PRICE
$1,850
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.9% |
| Maintenance Year (1-5) | 3.00% |
| 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
$108,000
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
3.5
YEARS SAVED
$14,557
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,839
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/15/20- Rent
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- $1,699
- $0.83
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- 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020
LEASED 08/02/20- Rent
- Rent Per SQFT
- $1,843
- $0.87
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2529 W Fawn Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2007
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,845
- $0.80
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2116 W Fawn Drive Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,900
- $0.78
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175143
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
