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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $265.25
- 3 Days on Market
- MLS # : 6178057
- Updated Date : 01/08/2021 at 16:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,508 sqft
- Baths : 2 full
Listing Agent
The Agency
Listing Agent's Description
Stunning, Renovated home with no expense spared. Home was completely remodeled down to the studs in 2017 with new kitchen cabinets, new plumbing, new electric, new windows, new doors, remodeled pool and pool deck, new paint, new lighting, new roof etc. The master bedroom is a beautiful suite that includes 3 closets and dual sinks and walk in shower with bench. Entertainers dream with open and inviting floor plan that leads out to the oasis-like backyard with pool and spa. 3 parking spaces in front plus 2 in detached garage, with RV parking in backyard. No HOA and a 2 minute walk to the dog park, children's playground and large greenbelts.
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PRICE & RENT TRENDS
Neighborhood: Southwest Shawnee Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Shawnee Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,750 |
EXPENSES | Loan Payment | -$1,389 |
Property Tax | -$226 | |
Property Insurance | -$57 | |
Property Management Fees | -$99 | |
CASH FLOW
-$21
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$400,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.35% |
Appreciation Year (1-5) | 8.1% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.24% |
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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $100,000 |
Loan Amount | $300,000 |
5.42
YEARS SAVED
$23,039
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,734
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
The Agency
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178057
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.