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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $160.82
- 1 Days on Market
- MLS # : 6263581
- Updated Date : 07/13/2021 at 00:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,425 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
Welcome home to Tartesso and to this highly sought after Pearl floorplan! With its open concept kitchen/livingroom it's perfect for entertaining and even has a formal dining space. The kitchen is stunning with high contrast granite counters, stainless steel appliances - including a gas stove and huge single bowl sink in the island. Wow your guests with the double sliding glass doors off the living room that create the perfect indoor/outdoor experience! Once you enter the private master suite, you will discover a full en suite bathroom with soaker tub, dual sinks, and a sizeable master closet. Top it off with solar to lower your monthly bills and handy RV gate access to the backyard!
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PRICE & RENT TRENDS
Neighborhood: Tartesso
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tartesso
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$265 | |
| Property Insurance | -$74 | |
| HOA | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$157
|
||
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.
$390,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
3.25
YEARS SAVED
$10,486
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,958
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/15/20- Rent
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- $1,800
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- Rent Per SQFT
- $2,100
- $0.82
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263581
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
