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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $171.74
- 4 Days on Market
- MLS # : 6170357
- Updated Date : 12/17/2020 at 10:10
CONSTRUCTION
- Beds : 5
- Floor Size : 4,070 sqft
- Baths : 3 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Come see this stunning home in the fabulous community of West Wing. Home sits on a corner lot with quick access to hiking trails, school and park. Home boasts gorgeous wood floors and stair case upon entry. Open kitchen with large island and gas range surrounded by rock accent. Separate living and dining areas and main floor game or office area. Master bedroom is downstairs with 4 large bedrooms and two full bath upstairs. Loft area has tons of natural light and mountain views. Backyard has beautiful pool and spa that has recently had all equipment replaced. Many items have been updated in the past few years, flooring, paint, AC, water heater, water softener, see Docs tab for full list.
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PRICE & RENT TRENDS
Neighborhood: Westwing Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westwing Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,240 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$519 | |
| Property Insurance | -$106 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$84
|
||
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.
$699,000
PROJECTED PRICE
$3,240
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.4% |
| 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
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
4.58
YEARS SAVED
$39,340
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,240
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,449
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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26796 N 86th Lane Peoria, AZ 2
- 5 beds 4 baths ∙ 4,070 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,070 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $3,240
- $0.80
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26908 N 89th Drive Peoria, AZ 1
- 6 beds 5 baths ∙ 4,234 Sqft ∙ Built 2005 6 beds 5 baths ∙ 4,234 Sqft ∙ Built 2005
LEASED 11/04/20- Rent
- Rent Per SQFT
- $3,000
- $0.71
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8651 W Lariat Lane Peoria, AZ 3
- 4 beds 4 baths ∙ 4,071 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,071 Sqft ∙ Built 2005
LEASED 09/21/20- Rent
- Rent Per SQFT
- $3,300
- $0.81
-
8653 W Rowel Road Peoria, AZ 4
- 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,232 Sqft ∙ Built 2004
LEASED 05/17/20- Rent
- Rent Per SQFT
- $3,700
- $0.87
-
27540 N 83rd Drive Peoria, AZ 5
- 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,007 Sqft ∙ Built 2004
LEASED 09/10/20- Rent
- Rent Per SQFT
- $4,000
- $1.00
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170357
Last Updated: 12/17/2020
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.
