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28932 N 201st Avenue Wittmann, AZ 85361

4 Beds 2 Baths 2,238 sqft Built 2005

$445,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85361

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k298k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85361

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9581567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Desert Oasis Elementary School Primary Regular 456 22 5
Desert Oasis Elementary School Middle Regular 456 22 5

Desert Oasis Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating

Desert Oasis Elementary School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 22
5
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

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
$1,890
1$1,8902$2,000
$2,000
RENT COMPS ANALYSIS
  • 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
Jennifer Lee Gray
Clarke Location Service
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175473
Last Updated: 01/02/2021
support@investimateroi.com

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.

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