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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $198.34
- 6 Days on Market
- MLS # : 6176945
- Updated Date : 01/07/2021 at 18:42
CONSTRUCTION
- Beds : 5
- Floor Size : 2,773 sqft
- Baths : 3 full
Listing Agent
Call Realty, Inc.
Listing Agent's Description
Upgraded, hard to find 5 bedroom model in Desert Peak Subdivision. Full bedroom/bathroom downstairs (previously used as an office) and 4 bedrooms and 2 full baths upstairs with view deck off master. Inside designer paint throughout, upgraded cabinets and banister, window coverings, stainless steel appliances and walk-in pantry in kitchen. Granite counters with stone backsplash and rock archway around stovetop. Eat in kitchen and great room with adjoining large formal room/playroom/music room/dining room. Numerous upgrades include heated salt water pool and spa. Pavers on back patio and lining driveway, built in garage cabinets. Fully landscaped front and backyard. Exterior recently repainted. Tenant occupied through March 31st, 2021, contact your Realtor for showing details.
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PRICE & RENT TRENDS
Neighborhood: Desert Peak
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Peak
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$346 | |
| Property Insurance | -$81 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$176
|
||
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.
$550,000
PROJECTED PRICE
$2,630
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 1.8% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
7.08
YEARS SAVED
$47,303
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,630
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,433
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/03/20- Rent
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LEASED 10/04/20- Rent
- Rent Per SQFT
- $2,500
- $0.94
PROPERTY LISTING DETAILS
Call Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176945
Last Updated: 01/07/2021
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.
