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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $169.76
- 3 Days on Market
- MLS # : 6175336
- Updated Date : 01/02/2021 at 19:31
CONSTRUCTION
- Beds : 5
- Floor Size : 3,829 sqft
- Baths : 4 full
Listing Agent
Realty Executives
Listing Agent's Description
Amazing Camelot Home in Sonoran Mountain with Breathtaking Mountain Views* Gourmet Chefs Kitchen with Stainless Viking Appliances, Gas 6 Burner Cook Top, Wall Oven, Built-In Viking Refrigerator, Huge Kitchen Island and Bar & Breakfast Room* Formal Dining Room* Huge Family Room* Custom Shutters* Gorgeous Slate Flooring with Medallion At Entry* Huge Master Suite with Sitting Area* Master Bath with Roman Tub and Large Walk-In Shower Split Double Sinks & 2 Large Walk in Closets* 2 Large Bedrooms Downstairs with Bath* 4th BR with Private Exit Plus Bath* Plus Den with Custom Shutters* Huge Bonus/Game Room Upstairs 5th Bedroom & Bath* 3 A/C Units* Resort Style Backyard w/Pebble Tec Pool, Fire/Water Pots, Waterfall, Fun Bubbles, Therapeutic Jets, Tumbled Paved Ext'd Patio, BBQ w/Outdoor Kitchen
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PRICE & RENT TRENDS
Neighborhood: Sonoran Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sonoran Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$469 | |
| Property Insurance | -$102 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$209
|
||
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.
$650,000
PROJECTED PRICE
$2,870
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.4% |
| 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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
3.67
YEARS SAVED
$26,053
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,870
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,853
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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- 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005
LEASED 12/01/19- Rent
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- $2,750
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LEASED 11/01/19- Rent
- Rent Per SQFT
- $3,075
- $0.84
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175336
Last Updated: 01/02/2021
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.
