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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $255.20
- 4 Days on Market
- MLS # : 6169914
- Updated Date : 12/10/2020 at 15:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,645 sqft
- Baths : 2 full , 1 half
Listing Agent
United Brokers Group
Listing Agent's Description
FLOOD IRRIGATED -HORSE PROPERTY - CHANDLER HEIGHTS CITRUS! This one of a kind fully fenced in property with fruit producing orange trees, a detached workshop, and an acre of space in a NO HOA neighborhood is everything you've been looking for!!! This custom home built in a U shape around a cozy courtyard in the middle for an inviting and livable outdoor space complete with an outdoor kitchen and water fountain. The backyard is fenced off for your pets to keep them close and then the entire perimeter of the property is fenced and gated for your security. Large detached garage in the back can be used to park your toys or additional vehicles, or as a shop for wood working or other hobbies. Far enough away from town for country living but close enough for all the conveniences of the city!
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PRICE & RENT TRENDS
Neighborhood: Chandler Heights Citrus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chandler Heights Citrus
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$2,490 |
| Property Tax | -$484 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$742
|
||
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.
$675,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.7% |
| 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
$184,625
LOAN DETAILS
$2,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
0.67
YEARS SAVED
$1,950
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,209
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/01/19- Rent
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- $2,225
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- 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,740 Sqft ∙ Built 2004
LEASED 02/01/20- Rent
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- $2,500
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LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,500
- $0.88
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169914
Last Updated: 12/10/2020
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.
