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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $212.16
- 1 Days on Market
- MLS # : 6178421
- Updated Date : 01/10/2021 at 03:41
CONSTRUCTION
- Beds : 5
- Floor Size : 2,121 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Amazing 5 bedroom 3 bathroom single story home in the North Gateway, Sonoran Commons. This home boasts a great room floor plan that everyone loves. Wide plank tile, 8 ft doors and plantation shutters t/o. Upgraded AC and Insualation average electric $105. Bedrooms are split with 2 at the front of home and 3 in the back. Upgraded kitchen with island for prep & breakfast bar, upgraded SS appliances, staggered cabinets, and tile back-splash. You can entertain your guests in the great room while creating culinary dishes in the kitchen! Master suite offers sliding doors to the backyard and a beautiful master bath. The master bath comes with double sinks, a separate tub/shower, and a spacious walk-in closet. Relax under the covered patio while gazing at your desert landscaping. Call now for apt
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PRICE & RENT TRENDS
Neighborhood: North Gateway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Gateway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$273 | |
| Property Insurance | -$69 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$68
|
||
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.
$449,999
PROJECTED PRICE
$2,010
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.3% |
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,499 |
4.42
YEARS SAVED
$19,353
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
-
$1,946
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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- $1,899
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LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,050
- $0.95
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178421
Last Updated: 01/10/2021
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.
