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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $208.12
- 3 Days on Market
- MLS # : 6181404
- Updated Date : 01/15/2021 at 22:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,441 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
WOW!! This won't last long. This is truly move in ready, with ceramic tile in main living spaces A kitchen that features newer black appliances, a new Sandstone Sink with RO system already installed. All new lighting throughout this home. All 3 bedrooms feature beautiful engineered hardwood floors. A master bath with dual sinks and Huge linen closet. Master bedroom also contains a large walk in closet. Plantation shutters throughout. Back patio features a covered patio and large area of pavers with a Gas Firepit for those cooler evenings. No homes behind you for great views of the mountains. This home is close to hiking trails for your enjoyment. Irrigation system completely replaced in 2020 along with a brand new A/C in 11/2020. A Salt Water softener and tankless hot water heater. This
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PRICE & RENT TRENDS
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,430 |
EXPENSES | Loan Payment | -$1,042 |
Property Tax | -$157 | |
Property Insurance | -$55 | |
HOA | -$82 | |
Property Management Fees | -$99 | |
CASH FLOW
-$5
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$299,900
PROJECTED PRICE
$1,430
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.35% |
Appreciation Year (1-5) | 10.8% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.24% |
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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $74,975 |
Loan Amount | $224,925 |
5.42
YEARS SAVED
$17,262
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,452
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181404
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.