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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $152.57
- 1 Days on Market
- MLS # : 6171984
- Updated Date : 12/19/2020 at 21:36
CONSTRUCTION
- Beds : 4
- Floor Size : 1,868 sqft
- Baths : 2 full
Listing Agent
Venture Rei, Llc
Listing Agent's Description
Meticulously cared for single story home! This newly painted 4 bed 2 bath house boasts vaulted ceilings with crown moldings and beautiful plantation shutters. The kitchen features matching stainless steel appliances and an island with a breakfast bar. Inside the fabulous master bedroom you will find a full bath, double sinks, along with a spacious walk-in closet for all your belongings. Walk out of your master bedroom directly onto the cozy covered patio. This oversized corner lot features an extensive backyard ready for your own personal touches. Built in cabinets in the garage add for additional storage. Move in ready , schedule a showing today! Buyer to verify all measurements, figures, schools and HOA information.
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PRICE & RENT TRENDS
Neighborhood: Westpark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westpark
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,470 |
EXPENSES | Loan Payment | -$1,052 |
Property Tax | -$262 | |
Property Insurance | -$64 | |
HOA | -$18 | |
Property Management Fees | -$99 | |
CASH FLOW
-$25
|
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.
$285,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.32% |
Appreciation Year (1-5) | 9.4% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.56% |
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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $71,250 |
Loan Amount | $213,750 |
5
YEARS SAVED
$16,885
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
-
$1,452
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Venture Rei, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171984
Last Updated: 12/19/2020

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.