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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $139.08
- 4 Days on Market
- MLS # : 6174499
- Updated Date : 12/26/2020 at 12:49
CONSTRUCTION
- Beds : 4
- Floor Size : 1,909 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Great curb appeal home in the desirable Community of Westpark. Vaulted ceilings, warm palette, window blinds, ceiling fans, & newly installed handsome laminate wood floors in all the right places. Beautiful tile floor, upgraded lighting, & French doors to patio from the family room. Center kitchen island, granite counters, breakfast bar, pantry, & SS appliances. Perfect gathering place for family & friends. Ample closets, interior laundry room, & 2 upscale baths w/granite counters. Master retreat boasts a private en suite w/dual sinks & a large walk-in closet. Enjoy the covered patio, paver patio for dining, play area, & room for a pool!
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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 | $1,480 |
EXPENSES | Loan Payment | -$980 |
Property Tax | -$244 | |
Property Insurance | -$64 | |
HOA | -$55 | |
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.
$265,500
PROJECTED PRICE
$1,480
PROJECTED RENT
0.56%
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
$76,108
LOAN DETAILS
$980
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $66,375 |
Loan Amount | $199,125 |
5.92
YEARS SAVED
$20,769
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
-
$1,365
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174499
Last Updated: 12/26/2020

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.