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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $128.99
- 2 Days on Market
- MLS # : 6162404
- Updated Date : 11/21/2020 at 02:15
CONSTRUCTION
- Beds : 6
- Floor Size : 4,256 sqft
- Baths : 4 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Immaculate home that has everything and more. The entire exterior was just freshly painted. It has a large gourmet kitchen, stainless steal appliances, double oven, and two granite kitchen islands. Granite fire place, an office, with built in desk and cabinets. A breathtaking staircase leads you to a huge loft upstairs. Huge master bedroom and bathroom w/ his and her closets. This home has beautiful mountain views with a cul de sac at the end of the street! This home spacious and sits at the foothills of the Peoria West Wing Mountain Preserve. Lot's of hiking trails nearby.
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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 | $2,620 |
| EXPENSES | Loan Payment | -$2,026 |
| Property Tax | -$411 | |
| Property Insurance | -$110 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$42
|
||
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.
$549,000
PROJECTED PRICE
$2,620
PROJECTED RENT
0.48%
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
$151,235
LOAN DETAILS
$2,026
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,250 |
| Loan Amount | $411,750 |
5
YEARS SAVED
$32,802
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,620
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$2,841
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
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26910 N 87th Drive Peoria, AZ 2
- 6 beds 5 baths ∙ 4,256 Sqft ∙ Built 2006 6 beds 5 baths ∙ 4,256 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,620
- $0.62
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8984 W Plum Road Peoria, AZ 1
- 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006
LEASED 04/04/20- Rent
- Rent Per SQFT
- $2,495
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7989 W Redbird Road Peoria, AZ 3
- 6 beds 5 baths ∙ 4,320 Sqft ∙ Built 2013 6 beds 5 baths ∙ 4,320 Sqft ∙ Built 2013
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,950
- $0.68
-
9790 W Maya Way Peoria, AZ 4
- 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005
LEASED 08/15/19- Rent
- Rent Per SQFT
- $2,995
- $0.67
-
26908 N 89th Drive Peoria, AZ 5
- 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
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162404
Last Updated: 11/21/2020
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.
