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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $198.59
- 9 Days on Market
- MLS # : 6190791
- Updated Date : 02/10/2021 at 03:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,766 sqft
- Baths : 2 full
Listing Agent
Iannelli And Associates
Listing Agent's Description
Lovely, 3 bedroom 2 bath home with large walled backyard for family entertaining, large extended patio with custom pavers. Upgraded tile throughout, with carpet in all the right places. Granite and stainless steel kitchen with cabinet pullouts. Owner suite with highly upgraded walking shower! This is a must see home!!
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PRICE & RENT TRENDS
Neighborhood: Festival Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Festival Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$285 | |
| Property Insurance | -$62 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$257
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$350,712
PROJECTED PRICE
$1,440
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$98,689
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,678 |
| Loan Amount | $263,034 |
1.83
YEARS SAVED
$4,083
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,510
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
25939 W Tonopah Drive Buckeye, AZ 1
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,440
- $0.82
-
26001 W Sequoia Drive Buckeye, AZ 2
- 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2017
LEASED 05/24/20- Rent
- Rent Per SQFT
- $1,499
- $0.85
-
26145 W Piute Avenue Buckeye, AZ 3
- 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2009
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,525
- $0.86
PROPERTY LISTING DETAILS
Iannelli And Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190791
Last Updated: 02/10/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
