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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $185.68
- 3 Days on Market
- MLS # : 6167806
- Updated Date : 12/05/2020 at 16:35
CONSTRUCTION
- Beds : 4
- Floor Size : 1,885 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
* Wonderful Sonoran Mountain Ranch Community * Single Level, 4 Bedroom, 2.5 bath * Great Room Layout, Kitchen with New Granite Slab Countertops, Stainless Steel Appliances * Built-in Desk Area off Bedrooms * New Carpeting, New Interior Paint * Low Maintenance Yard, Grassy Area-New Sod * Great Access to Hiking, Biking * Great Schools * 1 Year Home Warranty for Buyer * Priced to Sell!
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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 | $1,740 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$244 | |
| Property Insurance | -$64 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$32
|
||
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.
$350,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.50%
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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
5.75
YEARS SAVED
$26,899
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,913
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
29365 N 67th Drive Peoria, AZ 1
- 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,885 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
29355 N 69th Avenue Peoria, AZ 2
- 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
-
7115 W Lone Tree Trail Peoria, AZ 3
- 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,865
- $1.03
-
7108 W Desert Mirage Drive Peoria, AZ 4
- 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,885 Sqft ∙ Built 2007
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,895
- $1.01
-
7109 W Lone Tree Trail Peoria, AZ 5
- 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 2007
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,899
- $1.04
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167806
Last Updated: 12/05/2020
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.
