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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $143.71
- 4 Days on Market
- MLS # : 6186341
- Updated Date : 02/05/2021 at 15:58
CONSTRUCTION
- Beds : 6
- Floor Size : 4,168 sqft
- Baths : 4 full
Listing Agent
Hague Partners
Listing Agent's Description
This beauty is a MUST SEE and comes with 6 bedrooms, 4 bathrooms PLUS a loft and a bonus room!! It is spacious with an open kitchen that has LOTS of cabinet space and an island too! It has a huge living room with tiling throughout! The house is built for a big family or for those who love having people over and entertaining... The backyard has been completely redone with an added pool and an oasis feel, at night turn on the string lights and be ready to sit back and relax.
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PRICE & RENT TRENDS
Neighborhood: Desert Peak
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Peak
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,980 |
| EXPENSES | Loan Payment | -$2,081 |
| Property Tax | -$420 | |
| Property Insurance | -$108 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$253
|
||
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.
$599,000
PROJECTED PRICE
$2,980
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 1.8% |
| 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
$164,485
LOAN DETAILS
$2,081
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
7.5
YEARS SAVED
$56,457
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,980
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$3,209
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
2520 E Electra Lane Phoenix, AZ 1
- 6 beds 4 baths ∙ 4,168 Sqft ∙ Built 2007 6 beds 4 baths ∙ 4,168 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,980
- $0.71
-
2534 E Mine Creek Road Phoenix, AZ 2
- 7 beds 4 baths ∙ 3,903 Sqft ∙ Built 2007 7 beds 4 baths ∙ 3,903 Sqft ∙ Built 2007
LEASED 10/15/20- Rent
- Rent Per SQFT
- $3,000
- $0.77
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186341
Last Updated: 02/05/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
