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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $161.70
- 8 Days on Market
- MLS # : 6187520
- Updated Date : 02/05/2021 at 23:02
CONSTRUCTION
- Beds : 5
- Floor Size : 3,958 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty Biltmore Partners
Listing Agent's Description
Why wait 10+ months for a new home when you can buy a highly upgraded home now? This home features a gourmet kitchen with gas cooktop, double oven, granite countertops, and white maple cabinets. Huge slider door reveals your back yard oasis with beautiful Pebbletec pool, 3 waterfalls, and outdoor speakers. Upgraded modern flooring with two tone paint, solar screens, and soft water system are just a few of the many great features of this home. Trails throughout the neighborhood so you can bike and run while looking at the nearby mountains. Master Bedroom and separate office is on the 1st floor! Home is in the highly-rated Chandler Unified School District. Move in and enjoy!
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PRICE & RENT TRENDS
Neighborhood: Mountainwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountainwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,990 |
| EXPENSES | Loan Payment | -$2,223 |
| Property Tax | -$447 | |
| Property Insurance | -$104 | |
| HOA | -$104 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
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.
$640,000
PROJECTED PRICE
$2,990
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.8% |
| 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
$175,350
LOAN DETAILS
$2,223
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $160,000 |
| Loan Amount | $480,000 |
5.25
YEARS SAVED
$35,254
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
-
$3,157
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/23/21- Rent
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LEASED 04/28/20- Rent
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- $3,000
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LEASED 07/13/20- Rent
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LEASED 02/01/20- Rent
- Rent Per SQFT
- $3,100
- $0.79
PROPERTY LISTING DETAILS
Keller Williams Realty Biltmore Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187520
Last Updated: 02/05/2021
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.
