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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $208.13
- 6 Days on Market
- MLS # : 6170708
- Updated Date : 12/22/2020 at 08:19
CONSTRUCTION
- Beds : 3
- Floor Size : 2,018 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
The SPECTACULAR Sun Lakes Adult Community offering you this GORGEOUS remodeled & POPULAR Hermosa floor-plan featuring 3 Bedrooms, 2 Baths, Open Great Rm. w/eat-in Kitchen & Formal Dining Rm. Dining Rm. can be used as a secondary TV room. Kitchen Upgrades incl; granite counters, large apron farm sink, custom glass door cabinetry, re-designed island & custom designed backsplash. Mstr. Bedrm. upgrades incl; floor to ceiling walk-in tiled shower w/linear drain & custom fixtures, BEAUTIFUL stand alone tub & swan faucet, raised dual vanities w/make-up area & separate access out to your very own PRIVATE, LARGE, LUSH backyard, and extended patio Additional upgrades & features incl; wood plank tile, 2 tone CUSTOM paint throughout, laundry room w/lots of cabinets, covered patio w/slate like tile,
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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 | $1,990 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$287 | |
| Property Insurance | -$67 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$23
|
||
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.
$420,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.47%
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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
5.25
YEARS SAVED
$26,728
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
-
$2,003
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
25230 S Buttonwood Drive Sun Lakes, AZ 1
- 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $0
- $0.00
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133 W Mahogany Place Chandler, AZ 2
- 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2000
LEASED 08/16/19- Rent
- Rent Per SQFT
- $1,750
- $0.95
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245 W Teakwood Place Chandler, AZ 3
- 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.91
-
120 W Birchwood Place Chandler, AZ 4
- 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,134 Sqft ∙ Built 2000
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,295
- $1.08
-
865 W Beechnut Drive Chandler, AZ 5
- 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1997
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,395
- $1.03
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170708
Last Updated: 12/22/2020
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.
