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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $255.11
- 2 Days on Market
- MLS # : 6201259
- Updated Date : 03/06/2021 at 15:04
CONSTRUCTION
- Beds : 4
- Floor Size : 3,328 sqft
- Baths : 3 full , 1 half
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Enjoy this Elegant Territorial home with Spectacular Mountain Views .Truly a resort style backyard with pool ,raised jacuzzi , tumbled stone decking , built in barbecue and flagstone firepit. Point of entry leads to soaring ceilings , circular family room , stacked stone fireplace ,media center and views to your backyard paradise . Enjoy your wet bar for entertaining . Gourmet kitchen with top of the line cabinets , wolf 6 burner gas cooktop , viking wall ovens , raised island with seating , large pantry and upgraded granite counters . The master suite has a fireplace , jetted garden tub , stone snail shower , double vanities and custom closet . One other bedroom is an en-suite . Two others have a jack n Jill bath . Paver driveway to your 4 car garage . This home has custom niches
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PRICE & RENT TRENDS
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New River
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,330 |
| EXPENSES | Loan Payment | -$2,949 |
| Property Tax | -$661 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$471
|
||
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.
$849,000
PROJECTED PRICE
$3,330
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| 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
$230,735
LOAN DETAILS
$2,949
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
2.33
YEARS SAVED
$14,822
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,330
LIST RENT -
$1
LIST RENT PER SQFT
-
$3,345
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
2835 W Creek Canyon Road Phoenix, AZ 2
- 4 beds 4 baths ∙ 3,328 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,328 Sqft ∙ Built 2010
![property image]()
- Rent
- Rent Per SQFT
- $3,330
- $1.00
-
3014 W Rapalo Road Phoenix, AZ 1
- 4 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001
![property image]()
LEASED 09/05/20- Rent
- Rent Per SQFT
- $3,100
- $0.92
-
35401 N Via Tramonto Drive Phoenix, AZ 3
- 3 beds 3 baths ∙ 3,220 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,220 Sqft ∙ Built 2005
![property image]()
LEASED 08/08/20- Rent
- Rent Per SQFT
- $3,500
- $1.09
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6201259
Last Updated: 03/06/2021
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.
