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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $165.08
- 2 Days on Market
- MLS # : 6194947
- Updated Date : 02/21/2021 at 00:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,423 sqft
- Baths : 2 full , 1 half
Listing Agent
Az Advance Realty, Llc
Listing Agent's Description
Welcome Home! This bright and beautiful 4 bedroom, 2.5 bathroom home is located in the highly sought Coldwater Ranch Community! This home offers a spacious 2 story floor plan, a large master bedroom with his and her closets and separate tub and shower, Large laundry room and upstairs loft.The mountain views from this home are fantastic!You do not want to miss out on the opportunity to own this very well cared for home.
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PRICE & RENT TRENDS
Neighborhood: Coldwater Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coldwater Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$275 | |
| Property Insurance | -$74 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$38
|
||
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.
$400,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.3% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
4.58
YEARS SAVED
$18,488
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
-
$2,023
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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25516 N 121st Lane Peoria, AZ 1
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- 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2009
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,895
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- 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2015
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,900
- $0.81
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12115 W Range Mule Drive Peoria, AZ 4
- 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,423 Sqft ∙ Built 2015
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,950
- $0.80
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12109 N Avenida Del Rey -- Peoria, AZ 5
- 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2009
LEASED 02/12/21- Rent
- Rent Per SQFT
- $2,150
- $0.91
PROPERTY LISTING DETAILS
Az Advance Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194947
Last Updated: 02/21/2021
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.
