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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $241.05
- 3 Days on Market
- MLS # : 6178348
- Updated Date : 01/08/2021 at 04:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,402 sqft
- Baths : 2 full , 1 half
Listing Agent
Ashby Realty Group, Llc
Listing Agent's Description
Beautiful Custom home on a nearly half acre lot located in Terra Ranch. This is a very desirable and well established neighborhood. A great family home with a split floor plan, open living areas, with a well designed kitchen. The master bedroom and living rooms feel spacious and airy with 12 feet ceilings. The 3 car garage is extended in both length and hight and will easily accommodate your truck. The garage also has a newer oversized AC unit capable cooling the entire garage. The back yard has a large extended covered patio that is perfect for entertaining friends and family. The back yard also has more than enough room to park your trailer on the side of the house, and is not an HOA violation. This home will not last long.
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PRICE & RENT TRENDS
Neighborhood: Terra Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terra Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$2,011 |
| Property Tax | -$437 | |
| Property Insurance | -$74 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$538
|
||
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.
$579,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.36%
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
$159,185
LOAN DETAILS
$2,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,750 |
| Loan Amount | $434,250 |
1.08
YEARS SAVED
$2,502
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,916
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2004
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- Rent
- Rent Per SQFT
- $2,090
- $0.87
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
22356 S 211th Street Queen Creek, AZ 2
- 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
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LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,695
- $0.76
-
20496 E Colt Drive Queen Creek, AZ 3
- 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,437 Sqft ∙ Built 2001
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LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,050
- $0.84
-
21302 S 202nd Street Queen Creek, AZ 5
- 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,712 Sqft ∙ Built 2016
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,200
- $0.81
PROPERTY LISTING DETAILS
Ashby Realty Group, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178348
Last Updated: 01/08/2021
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.
