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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $185.87
- 5 Days on Market
- MLS # : 6166751
- Updated Date : 12/02/2020 at 14:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,152 sqft
- Baths : 2 full
Listing Agent
Homelife Ambassador Realty
Listing Agent's Description
Location, Location, Location. This must see home is situated at the base of a beautiful mountain that provides gorgeous views from the Backyard. Enter this large Single story home to a Large Great Room perfect for entertaining. The home features a large Kitchen with an Island eat-in Breakfast nook and is open to a formal Dining Room that features a sit at Bar top. The Master Bedroom is split and features wood flooring and an updated Bathroom with Dual Sinks along with separate Tub and Shower. Master Bathroom includes a walk-in Closet. The home also features to large additional Bedrooms and open Den perfect for working at home. The Backyard has beautiful view of the mountain and features an oversized Patio with a firepit and a Barbeque Island. This is a must see.
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PRICE & RENT TRENDS
Neighborhood: Entrada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Entrada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$239 | |
| Property Insurance | -$69 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$185
|
||
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.
$399,990
PROJECTED PRICE
$1,710
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.7% |
| 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
$111,747
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,998 |
| Loan Amount | $299,993 |
3.33
YEARS SAVED
$12,742
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
-
$1,910
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/15/20- Rent
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- $1,895
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LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,999
- $0.90
PROPERTY LISTING DETAILS
Homelife Ambassador Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166751
Last Updated: 12/02/2020
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.
