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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $149.19
- 3 Days on Market
- MLS # : 6172381
- Updated Date : 01/15/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,212 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
You are going to love this home in the Heritage District of Verrado! As you approach this beautiful home you can't miss the inviting front porch to relax on. When you go in the front door you are greeted with a roomy living room open to a gorgeous kitchen. The kitchen is large with upgraded cabinets and granite counter tops. The refrigerator stays with home too!. Powder room downstairs for your guests. Upstairs you will find a huge master bedroom. This room is big enough it has it's own sitting area or office area. The master bathroom is large as well with double sinks, separate tub and walk in shower. Wait until you see this master walk in closet it is huge! There are two other bedrooms upstairs with a full bathroom and the laundry room. As you go back downstairs and out on the
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PRICE & RENT TRENDS
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$307 | |
| Property Insurance | -$70 | |
| HOA | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$35
|
||
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.
$330,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
5.33
YEARS SAVED
$18,611
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,770
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172381
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
