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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $252.84
- 3 Days on Market
- MLS # : 6169636
- Updated Date : 12/12/2020 at 22:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,934 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
WOW check this PALMERA plan located on the PALMS COURSE #1 fairway near the green with PANORAMIC VIEWS through 2 fairways to SOUTH MOUNTAIN with GORGEOUS SUNSETS. This GREAT 3 BEDROOM home has the EXPANDED BR 2 & 3 & GUEST bath. MASTER BEDROOM & GUEST BEDROOM have BAY WINDOWS for added SPACIOUSNESS. CUSTOM PLANTATION SHUTTERS throughout, DECORATIVE ceiling fans, Expanded COVERED PATIO with retractable awnings, MERILLAT GROUP 7 MAPLE MASTERPIECE CABINETS thorough out, GRANITE kitchen countertops, stainless steel appliances, CLASSY CLOSETS in MBR, wood-tile flooring throughout entire home, CUSTOM SKYLIGHT in kitchen, CUSTOM LANDSCAPING, EXTENDED GAR with BUILT IN STORAGE cab, work benches & EPOXY FLOOR. Golf cart garage was added. Hurry because this beauty won't last. WELCOME HOME!!!
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PRICE & RENT TRENDS
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,804 |
| Property Tax | -$334 | |
| Property Insurance | -$65 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$172
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$489,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$135,335
LOAN DETAILS
$1,804
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,250 |
| Loan Amount | $366,750 |
3.58
YEARS SAVED
$18,719
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,321
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
24518 S Berrybrook Drive Sun Lakes, AZ 2
- 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,160
- $1.12
-
4981 S Vista Place Chandler, AZ 1
- 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,095
- $0.99
-
1281 W Lynx Way Chandler, AZ 3
- 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1998
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,450
- $1.29
-
4932 S Marigold Way Chandler, AZ 4
- 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1999
LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,550
- $1.20
-
1303 W San Carlos Place Chandler, AZ 5
- 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1998
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,695
- $1.32
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169636
Last Updated: 12/12/2020
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.
