Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
INVESTimate
$675,000
List Price
$184,625
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1920
- Price/Sqft : $495.59
- 7 Days on Market
- MLS # : CC40917549
- Updated Date : 08/24/2020 at 10:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,362 sqft
- Baths : 2 full
Listing Agent
Kurniadi Realty
Listing Agent's Description
Wonderful opportunity to restore this Maxwell Park home. Current property layout offers 3 bedrooms and 2 bathrooms, living room, family room, and laundry room. Entry and front of the home welcomes you to 2 first floor bedrooms and living room. Towards the rear of the home, the kitchen opens to the family room and stairs to a private bedroom and bathroom. Home is upgraded with recess lighting and stone counter tops in the kitchen. Hardwood floors throughout. This home does not require much for your personal touch.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Maxwell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Maxwell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,380 |
EXPENSES | Loan Payment | -$2,490 |
Property Tax | -$821 | |
Property Insurance | -$60 | |
Property Management Fees | -$166 | |
CASH FLOW
-$157
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$675,000
PROJECTED PRICE
$3,380
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 5.00% |
Appreciation Year (1-5) | 12.69% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 4.60% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$184,625
LOAN DETAILS
$2,490
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $168,750 |
Loan Amount | $506,250 |
5.92
YEARS SAVED
$54,061
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,380
LIST RENT -
$2.48
LIST RENT PER SQFT
-
$3,391
COMP ESTIMATED VALUE -
$2.49
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Kurniadi Realty