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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $186.12
- 8 Days on Market
- MLS # : 6168360
- Updated Date : 12/06/2020 at 09:45
CONSTRUCTION
- Beds : 3
- Floor Size : 2,305 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
FABULOUS SHEA HOME IN EXCELLENT CONDITION * 3 BDRM + LOFT * 21/2 BATH * MASTER HAS RETREAT NEUTRAL CARPETS * NEUTRAL 18'' TILE * GORGEOUS TILED ISLAND KITCHEN FEATURES GRANITE TOPS, SS APPLIANCES, GAS RANGE, & B/I MICRO * PEBBLECTED POOL * LARGE COVERED PATIO W/STUCCO COLUMNS * DESERT FRONT & BACK WITH DRIP SYSTEM ON TIMER * EXTENDED LENGTH GARAGE * 9' CEILINGS * DUAL A/C UNITS * PREWIRED FOR SURROUND SOUND AND SECURITY SYSTEM * RV GATE * GAS HEAT AND HOT WATER * HAS IT ALL AND IT SHOWS GREAT *
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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 | $1,730 |
| EXPENSES | Loan Payment | -$1,583 |
| Property Tax | -$299 | |
| Property Insurance | -$72 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$333
|
||
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.
$429,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.40%
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
$119,435
LOAN DETAILS
$1,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,250 |
| Loan Amount | $321,750 |
1.67
YEARS SAVED
$5,516
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,821
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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29634 N 69th Lane Peoria, AZ 1
- 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,305 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $0
- $0.00
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29798 N 69th Avenue Peoria, AZ 2
- 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2005
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,700
- $0.81
-
7344 W Red Hawk Drive Peoria, AZ 3
- 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2005
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.74
-
7042 W Eagle Ridge Lane Peoria, AZ 4
- 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2006
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.73
-
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
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168360
Last Updated: 12/06/2020
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.
