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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $183.51
- 1 Days on Market
- MLS # : 6200285
- Updated Date : 02/28/2021 at 03:29
CONSTRUCTION
- Beds : 5
- Floor Size : 3,700 sqft
- Baths : 4 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Enjoy panoramic mountain and sunset views from your own backyard! This large backyard offers a sparkling pool with water feature, plenty of patio space, a view fence, and fire pit! Highly desirable, large corner lot that also backs up to a wash. Inside of this 5 bedroom, 4.5 bath home, you'll find ample space for all of your needs. Downstairs offers dual living rooms, a formal dining area, and open kitchen with granite countertops, staggered espresso cabinets, and additional seating at an oversized kitchen island. Upstairs, you'll find 3 additional bedrooms, each with a full bathroom attached, as well as a LARGE bonus room to let your imagination run wild with possibilities! Master bath features large soaking tub, oversized shower, dual sinks and dual closets. Home also features an
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PRICE & RENT TRENDS
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$2,358 |
| Property Tax | -$631 | |
| Property Insurance | -$94 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$735
|
||
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.
$679,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$185,685
LOAN DETAILS
$2,358
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $169,750 |
| Loan Amount | $509,250 |
0.42
YEARS SAVED
$700
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,726
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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- $2,995
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PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200285
Last Updated: 02/28/2021
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.
