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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $250.85
- 4 Days on Market
- MLS # : 6197667
- Updated Date : 02/25/2021 at 20:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,053 sqft
- Baths : 3 full
Listing Agent
Rethink Real Estate
Listing Agent's Description
This gorgeous newer home has 3 EN-SUITES + DEN, HEATED POOL on VIEW LOT, ARTIFICIAL TURF & is located on a PREMIUM CUL DE SAC LOT!!! Kitchen has staggered cabinets, extra large island, gas range, upgraded appliances & plenty of storage. Large great room off kitchen w/surround sound. Gorgeous tile floors. Formal dining could be used as den/office. Master suite has soaking tub, walk in shower & double sinks. Bedrooms 2 & 3 have en suite. New travertine & turf & upgraded landscaping w/view fence in backyard & wash behind home. Misting system. Pool is automated w/water feature and multi colored lights. Look at that view! WOW! Make this stunning home yours today & see why Vistancia is one of the best places to live.
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PRICE & RENT TRENDS
Neighborhood: Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vistancia
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$387 | |
| Property Insurance | -$67 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$260
|
||
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.
$515,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.8% |
| 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
$142,225
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
2.5
YEARS SAVED
$10,461
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,935
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/22/20- Rent
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- $1,750
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LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,825
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-
13211 W Creosote Drive Peoria, AZ 3
- 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2007
LEASED 02/16/21- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
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- 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2008
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,100
- $0.92
PROPERTY LISTING DETAILS
Rethink Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197667
Last Updated: 02/25/2021
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.
