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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $224.22
- 3 Days on Market
- MLS # : 6162943
- Updated Date : 11/20/2020 at 17:53
CONSTRUCTION
- Beds : 3
- Floor Size : 2,007 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Gorgeous, almost new single level home with 3 beds + den in the highly sought after Pyramid Peak location. Gorgeous mountain views with no homes behind in this Pulte home built in 2018. Sellers spared no expense in custom upgrades including commercial grade wood laminate flooring, gas stove, quartz counters, tiled kitchen backsplash with matching accent wall at front entry, stunning super shower in the master, fire pit in the backyard with large paver patio with plenty of room left in the yard to add a pool, extended garage and so much more. Don't delay.....this home won't last long!
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PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$269 | |
| Property Insurance | -$66 | |
| HOA | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$448
|
||
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.
$450,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.8% |
| 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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
1.25
YEARS SAVED
$2,873
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,796
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
28947 N 64th Drive Phoenix, AZ 2
- 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,740
- $0.87
-
6826 W Morning Vista Drive Peoria, AZ 1
- 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,700
- $0.90
-
6528 W Eagle Talon Trail Phoenix, AZ 3
- 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2004
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,750
- $0.94
-
28422 N 64th Lane Phoenix, AZ 4
- 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.86
-
29582 N 70th Avenue Peoria, AZ 5
- 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,850
- $0.88
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162943
Last Updated: 11/20/2020
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.
