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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $181.31
- 5 Days on Market
- MLS # : 6154272
- Updated Date : 11/02/2020 at 17:58
CONSTRUCTION
- Beds : 4
- Floor Size : 2,344 sqft
- Baths : 2 full , 1 half
Listing Agent
The Real Estate Brokers
Listing Agent's Description
Foothills Reserve Hidden beauty with a Sparkling pool, secluded Cul-De-Sac lot and mountain views. 4 Bedroom split floor plan with a huge loft. The master bedroom is downstairs along with the 4th bedroom or (guest suite/office). Open floor plan has an upstairs loft that could be playroom,Tv room or ? Backyard is meant for entertaining with a covered patio,custom pool and pavers, Firepit and sand play area for kiddo's. The kitchen opens into the family room with it's inviting fireplace and custom built bar. Kitchen ; Granite counters, island and upgraded cabinets. Low maintenance yards and extra long driveway for parking. The new freeway has brought all the stores restaurants and more very close to home. Schools are top notch, with kyrene and Desert Vista High School. Must see!
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PRICE & RENT TRENDS
Neighborhood: Foothills Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$303 | |
| Property Insurance | -$73 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$156
|
||
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.
$425,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.5
YEARS SAVED
$15,475
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,899
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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- $1,995
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- 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003
LEASED 10/21/20- Rent
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- $1,995
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LEASED 05/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.82
PROPERTY LISTING DETAILS
The Real Estate Brokers
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6154272
Last Updated: 11/02/2020
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.
