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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $176.39
- 2 Days on Market
- MLS # : 6194030
- Updated Date : 02/13/2021 at 14:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,389 sqft
- Baths : 2 full
Listing Agent
Quail Run Realty
Listing Agent's Description
First time on the market, three bedroom home in the Sundance Active Adult community. This home has been well cared for and lightly lived in by the original owner. It offers a kitchen with breakfast bar, small island, large pantry, dining area with a view from the front window, to enjoy the beautiful sunsets. Nicely sized living room is open to the kitchen and exits to the patio. The master bedroom has it's own exit to the backyard through french doors out to the covered patio.In addition there are two additional bedrooms and a guest bath. All of the rooms have vaulted ceilings with fans in the three bedrooms, and living room. This community offers a pool, spa and community center as well as a golf course. Very close to shopping, dining and easy access to Interstate 10.
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PRICE & RENT TRENDS
Neighborhood: Sundance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sundance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$200 | |
| Property Insurance | -$54 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$45
|
||
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.
$245,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.3% |
| 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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
6.25
YEARS SAVED
$17,259
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
-
$1,285
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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23213 W Antelope Trail Buckeye, AZ 1
- 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2003
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- Rent Per SQFT
- $0
- $0.00
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22747 W Pima Street Buckeye, AZ 2
- 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2003
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,175
- $0.94
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23261 W Lasso Lane Buckeye, AZ 3
- 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,295
- $0.90
-
23168 W Arrow Drive Buckeye, AZ 4
- 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2005
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,325
- $0.95
-
22805 W Solano Drive Buckeye, AZ 5
- 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 2005
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,375
- $0.91
PROPERTY LISTING DETAILS
Quail Run Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194030
Last Updated: 02/13/2021
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.
