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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $213.53
- 2 Days on Market
- MLS # : 6183927
- Updated Date : 01/23/2021 at 18:52
CONSTRUCTION
- Beds : 5
- Floor Size : 3,325 sqft
- Baths : 3 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Beautiful RV Garage home in the highly desired Terramar Cove community. It has 5 bedrooms, 3.5 baths, office and loft area. The garage features Epoxy floors throughout, 50ft RV garage with doors also opening into beautiful backyard. Large Downstairs Master bedroom with walk-in shower and tub. The kitchen has a large island, farmhouse sink, beautiful granite and backsplash, wall mounted oven & microwave, and gas appliances. Upstairs you have the other 4 bedrooms with a huge loft. Out front the paver driveway was extended through the RV gate. In the Backyard no expenses were spared!! Beautiful Pool with a built in Gazebo, swin up bar, Jacuzzi, Fire Pit, Putting Green and more!!! This is a must see!! Too many upgrades to list!!
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PRICE & RENT TRENDS
Neighborhood: Mesquite
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mesquite
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,520 |
| EXPENSES | Loan Payment | -$2,466 |
| Property Tax | -$475 | |
| Property Insurance | -$92 | |
| HOA | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$722
|
||
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.
$710,000
PROJECTED PRICE
$2,520
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$193,900
LOAN DETAILS
$2,466
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $177,500 |
| Loan Amount | $532,500 |
0.67
YEARS SAVED
$1,619
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
-
$2,710
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $2,700
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- 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2002
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,700
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26154 N 67th Lane Peoria, AZ 5
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LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,995
- $0.89
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183927
Last Updated: 01/23/2021
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.
