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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $144.07
- 2 Days on Market
- MLS # : 6165570
- Updated Date : 11/28/2020 at 11:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,464 sqft
- Baths : 2 full , 1 half
Listing Agent
Balboa Realty, Llc
Listing Agent's Description
This home has been newly remodeled and move in ready. It features 2464 square feet with fresh paint throughout and new carpet. Kitchen features white cabinets, stainless steel appliances, granite countertops as well as butcher block countertop accents. The large master suite features oversized walk-in closet, dual vanities and a private toilet room.
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PRICE & RENT TRENDS
Neighborhood: Rancho Cabrillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Cabrillo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$244 | |
| Property Insurance | -$75 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$137
|
||
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.
$355,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
7.33
YEARS SAVED
$37,466
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,101
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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26337 N 131st Drive Peoria, AZ 1
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- $1,995
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- 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2018
LEASED 07/26/19- Rent
- Rent Per SQFT
- $1,995
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.81
PROPERTY LISTING DETAILS
Balboa Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165570
Last Updated: 11/28/2020
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.
