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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $111.89
- 3 Days on Market
- MLS # : 6161897
- Updated Date : 11/21/2020 at 10:57
CONSTRUCTION
- Beds : 6
- Floor Size : 3,803 sqft
- Baths : 4 full
Listing Agent
Realty One Group
Listing Agent's Description
Amazing Home with Large Square Footage and Mountain Views. Formal Living and Dining Space. Large Open Concept Family Room and Kitchen with Large Island, Granite Countertops, Large Cabinets, Dual Wall Ovens. Kitchen features Gas Range\ Oven, Large Walk In Pantry and Butler Pantry complimenting Family Dining Room. Downstairs Bedroom with Full Bathroom. Spiral Staircase leads to Upstairs boasting 4 Additional Bedrooms, 1 with full Bathroom. Additional upstairs Bathroom is complete with Dual Sinks. Large Master Bedroom with Large His and Hers Walk In Closets and Fantastic Views of White Tank Mountains. Master Bath with Sep Shower\Tub complimented with Dual Sinks. Home has 2 Car Garage and 1 Car Tandem Garage. Private Heated Pool with Relaxing Backyard Area.NO SIGN IN FRONT OF HOUSE
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PRICE & RENT TRENDS
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$1,570 |
| Property Tax | -$255 | |
| Property Insurance | -$101 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$37
|
||
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.
$425,500
PROJECTED PRICE
$2,130
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 10.8% |
| 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
$118,508
LOAN DETAILS
$1,570
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,375 |
| Loan Amount | $319,125 |
6.08
YEARS SAVED
$34,340
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.56
LIST RENT PER SQFT
-
$2,244
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
-
26044 N Desert Mesa Drive Surprise, AZ 2
- 6 beds 4 baths ∙ 3,803 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,803 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $2,130
- $0.56
-
16741 W Tether Trail Surprise, AZ 1
- 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,537 Sqft ∙ Built 2006
![property image]()
LEASED 12/21/19- Rent
- Rent Per SQFT
- $2,095
- $0.59
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161897
Last Updated: 11/21/2020
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.
