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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $191.92
- 3 Days on Market
- MLS # : 6178325
- Updated Date : 01/08/2021 at 03:24
CONSTRUCTION
- Beds : 5
- Floor Size : 3,777 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
This is the home you have been waiting for! Must see this GORGEOUS upgraded home located in the highly desirable gated subdivision of Arden Park with remodeled designer kitchen & bathrooms, newer AC and much more. This popular floor plan is perfect for entertaining and everyday family living with its multi-level, open lay out with expansive functional living spaces. This home has 5 large bedrooms/3 full bathrooms, including one downstairs which is perfect for a bedroom or office. You will love the extra bonus living area which you can customize for a movie room, game room, work out room or the perfect home office space. This home has an amazing private master retreat and luxurious en suite with a large custom closet and built-in shelving.
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PRICE & RENT TRENDS
Neighborhood: Arden Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arden Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$422 | |
| Property Insurance | -$101 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$321
|
||
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.
$724,900
PROJECTED PRICE
$2,860
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.5% |
| 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
$197,849
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,225 |
| Loan Amount | $543,675 |
3.08
YEARS SAVED
$18,050
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
-
$3,135
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $3,200
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- $3,500
- $0.88
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178325
Last Updated: 01/08/2021
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.
