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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $269.69
- 2 Days on Market
- MLS # : 6196900
- Updated Date : 02/20/2021 at 01:03
CONSTRUCTION
- Beds : 5
- Floor Size : 4,227 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Oversized dream backyard is the highlight of this beautiful Santa Barbara home located in the highly sought after Circle G. Spectacular 5 bedroom 3.5bath basement home has been meticulously maintained by the original owners. 12'ceilings, open floor plan and amazing natural light give this home a welcoming and comfortable feel. Recently updated with new exterior/interior paint, new carpet T/O and 2 bathrooms completely remodeled. Upon entering the home, you are immediately drawn to the view of the resort style backyard. Sparkling pool/spa, extended patio, fire-pit and mature landscaping creates the perfect retreat for entertaining. The great room with fireplace is open to the well equipped kitchen with newer stainless steel GE Monogram appliances, custom cabinets and breakfast area.
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PRICE & RENT TRENDS
Neighborhood: Circle G Riggs Ranch Homestead
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Circle G Riggs Ranch Homestead
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,640 |
| EXPENSES | Loan Payment | -$3,960 |
| Property Tax | -$812 | |
| Property Insurance | -$110 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,353
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$1,140,000
PROJECTED PRICE
$3,640
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.36% |
| Appreciation Year (1-5) | 2.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.72% |
| 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
$307,850
LOAN DETAILS
$3,960
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $285,000 |
| Loan Amount | $855,000 |
0.33
YEARS SAVED
$674
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
-
$3,223
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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- $3,000
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- 5 beds 4 baths ∙ 4,468 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,468 Sqft ∙ Built 2005
LEASED 05/01/20- Rent
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- $3,000
- $0.67
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2727 E Teakwood Place Chandler, AZ 4
- 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,015 Sqft ∙ Built 2004
LEASED 07/10/20- Rent
- Rent Per SQFT
- $3,395
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1370 E San Carlos Way Chandler, AZ 5
- 5 beds 4 baths ∙ 4,461 Sqft ∙ Built 1999 5 beds 4 baths ∙ 4,461 Sqft ∙ Built 1999
LEASED 09/07/19- Rent
- Rent Per SQFT
- $3,400
- $0.76
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196900
Last Updated: 02/20/2021
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.
