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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $224.32
- 4 Days on Market
- MLS # : 6175833
- Updated Date : 01/02/2021 at 22:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,694 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Professional Partners
Listing Agent's Description
Welcome home to your new backyard paradise! Situated in the sought after Teramar neighborhood, this home is a sight to see. Walk in to vaulted ceilings and an open and inviting floor plan. The master suite includes dual sinks, soaking tub, and large walk in closet. With new paint, trim, and light fixtures this house is ready for you to call home. The house is situated on a large lot and the backyard is an entertainers dream with a sparkling pool, a large yard and beautiful custom pergola and more! Schedule a Tour Now!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Terramar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terramar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$251 | |
| Property Insurance | -$60 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$141
|
||
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.
$380,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| 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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
3.58
YEARS SAVED
$14,396
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,690
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
25104 N 68th Drive Peoria, AZ 1
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6823 W Buckskin Trail Peoria, AZ 2
- 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 1999
![property image]()
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,550
- $0.93
-
6629 W Range Mule Drive Phoenix, AZ 3
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1999
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
6615 W Desert Hollow Drive Phoenix, AZ 4
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,700
- $1.08
-
6745 W Avenida Del Rey -- Peoria, AZ 5
- 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2001
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,895
- $1.05
PROPERTY LISTING DETAILS
Keller Williams Realty Professional Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175833
Last Updated: 01/02/2021
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.
