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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $260.21
- 3 Days on Market
- MLS # : 6170103
- Updated Date : 01/01/2021 at 01:07
CONSTRUCTION
- Beds : 3
- Floor Size : 2,033 sqft
- Baths : 2 full , 1 half
Listing Agent
North & Co
Listing Agent's Description
READY FOR SHOWINGS! Gorgeous and meticulously maintained turn-key home on the Golf Course in popular Sunland Springs Village. A perfect Winter Retreat or your Primary Home with spectacular course views that turn into Stunning Sunsets! An open concept floorplan compliments this 3 Bed/2.5 Bath home. The cozy great room has high ceilings and flows into a bright and cheery eat in kitchen with Granite countertops and Stainless appliances. Bonus den/craft room. The spacious garage has room for 2 cars plus your golf cart! ** Furniture and Golf Cart Negotiable** Please call to schedule a showing now!
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PRICE & RENT TRENDS
Neighborhood: Sunland Springs Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunland Springs Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,952 |
| Property Tax | -$319 | |
| Property Insurance | -$67 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$502
|
||
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.
$529,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.6% |
| 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
$145,935
LOAN DETAILS
$1,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,250 |
| Loan Amount | $396,750 |
1.42
YEARS SAVED
$4,488
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
-
$1,799
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/13/20- Rent
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- $1,600
- $0.78
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LEASED 03/15/20- Rent
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- $1,600
- $0.90
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2633 S Tobin -- Mesa, AZ 4
- 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016
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LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,895
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LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,100
- $0.98
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170103
Last Updated: 01/01/2021
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.
