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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $198.84
- 2 Days on Market
- MLS # : 6175473
- Updated Date : 01/02/2021 at 18:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,238 sqft
- Baths : 2 full
Listing Agent
Clarke Location Service
Listing Agent's Description
Home will be vacant by Jan 5th.Custom home on acreage with NO HOA. Horse privileges. Split open floor plan with 14' ceilings & fireplace. Hickory cabinets, granite counter tops & roman shades in entire house. Kitchen has breakfast bar at island. 20'' tile flooring throughout with carpet in bedrooms. Huge master with jacuzzi tub, separate tile shower and walk in closet. Access to fully covered back patio from dining & master room with mtn views from every window.2 split 2 car oversized 8' garages, 1 with a/c and heat unit. New exterior paint. Huge fenced in gravel backyard with 2 full sized RV gates .Quick access to Grand Ave for nearby shopping.
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PRICE & RENT TRENDS
Zip Code: 85361
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85361
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$1,642 |
| Property Tax | -$264 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$185
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$445,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
3.58
YEARS SAVED
$17,174
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,813
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
28932 N 201st Avenue Wittmann, AZ 1
- 4 beds 2 baths ∙ 2,238 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,238 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,890
- $0.84
-
20649 W Saguaro Vista Drive Wittmann, AZ 2
- 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 2006
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.81
PROPERTY LISTING DETAILS
Clarke Location Service
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175473
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.
