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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $231.98
- 3 Days on Market
- MLS # : 210000009
- Updated Date : 01/01/2021 at 19:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,676 sqft
- Baths : 2 full
Listing Agent
Chase International-sparks
Listing Agent's Description
INVESTER ALLERT!! SECURE THIS DESIRABLE HOME NOW AND COVER YOUR COSTS FOR 6 MONTHS OR MORE WITH THE CURRENT OWNERS AS YOUR RENTERS! SELLERS ARE IN ESCROW ON A NEW BUILD THAT WILL HOPEFULLY BE DONE BY JULY! Well maintained 3 bedroom, 2 bath home in ideal end of cul-de-sac location with a large lot that affords privacy. This home features vaulted ceilings with Velux skylights in the living room and kitchen. The kitchen has granite countertops with a large movable granite island and stainless appliances,
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PRICE & RENT TRENDS
Neighborhood: Reed
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reed
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,760 |
EXPENSES | Loan Payment | -$1,435 |
Property Tax | -$454 | |
Property Insurance | -$63 | |
Property Management Fees | -$119 | |
CASH FLOW
-$310
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$388,800
PROJECTED PRICE
$1,760
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.70% |
Appreciation Year (1-5) | 12.0% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 4.04% |
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
$108,782
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $97,200 |
Loan Amount | $291,600 |
1.58
YEARS SAVED
$4,735
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
-
$1,781
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Chase International-sparks
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000009
Last Updated: 01/01/2021