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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $154.35
- 39 Days on Market
- MLS # : 6143680
- Updated Date : 11/13/2020 at 22:25
CONSTRUCTION
- Beds : 5
- Floor Size : 4,464 sqft
- Baths : 3 full , 1 half
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
This amazing large luxurious home in beautiful Norterra has it all! Spectacular 12,000 sq ft lot north backyard on a cul-de-sac. Resort style yard has a full length covered patio and beautiful sparkling pool perfect for those hot AZ summers! Inside, walk through the front door and you are greeted with dramatic high ceilings and stunning travertine floors throughout. Chefs kitchen overlooks the large family room with great views of the pool. Full en-suite guest room downstairs perfect for visitors. Upstairs there are 4 more large bedrooms plus a loft. The master has a spa like bathroom with a tub perfect for relaxing. Brand new exterior paint! To much to list in this beauty. Must See!!
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PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$2,542 |
| Property Tax | -$412 | |
| Property Insurance | -$114 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$388
|
||
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.
$689,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$188,335
LOAN DETAILS
$2,542
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $172,250 |
| Loan Amount | $516,750 |
2.92
YEARS SAVED
$18,860
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$2,812
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
2416 W Bajada Road Phoenix, AZ 2
- 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,800
- $0.63
-
1921 W Morning Vista Lane Phoenix, AZ 1
- 5 beds 4 baths ∙ 4,204 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,204 Sqft ∙ Built 2006
LEASED 06/15/19- Rent
- Rent Per SQFT
- $2,200
- $0.52
-
2014 W Quail Track Drive Phoenix, AZ 3
- 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2008
LEASED 08/07/20- Rent
- Rent Per SQFT
- $3,300
- $0.74
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6143680
Last Updated: 11/13/2020
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.
