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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $171.31
- 2 Days on Market
- MLS # : 6192691
- Updated Date : 02/21/2021 at 03:58
CONSTRUCTION
- Beds : 4
- Floor Size : 2,335 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
WELCOME HOME! This gorgeous home is filled with upgrades and character... This gorgeous single level home is MOVE-IN READY and located on Rancho Santa Fe Subdivision. Pride of homeownership awaits. Walking distance to nearby schools, parks, close to entertainment, shopping, dining, and freeway access. An absolute MUST SEE! This beautiful architectural designed home offers an open bright split floor plan with vaulted ceilings, SOLAR, 3 CAR GARAGE, huge family room and separate living room with a gorgeous outside views of its newly designed landscaped backyard.It also offers a gourmet kitchen with hickory cabinets, granite countertops, breakfast Island and lots of pantry space. Beautiful tiled flooring and light fixtures throughout the entire home. MUST SEE!
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PRICE & RENT TRENDS
Neighborhood: Rancho Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Santa Fe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$253 | |
| Property Insurance | -$73 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$189
|
||
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.
$400,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
3.25
YEARS SAVED
$10,371
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
-
$1,699
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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- $1,695
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PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192691
Last Updated: 02/21/2021
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.
