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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $153.22
- 2 Days on Market
- MLS # : 6206838
- Updated Date : 03/13/2021 at 16:50
CONSTRUCTION
- Beds : 3
- Floor Size : 3,459 sqft
- Baths : 2 full , 1 half
Listing Agent
Superlative Realty
Listing Agent's Description
Stately living in the heart of South Mountain! Large home on a spacious lot and secluded, at the end of a cul-de-sac. Highly upgraded throughout. The kitchen boasts high grade granite countertops and stainless-steel appliances. Built-in double oven and gas cooktop! Huge master suite, with a nook for a sitting area. Large master bathroom with deep soaking bathtub. Generous step-in shower and dual granite vanity. Sizeable walk-in closet. Formal living and dining areas and a great room in the back. Fully enclosed office/den. 18'' off-set travertine tile, upgraded carpeting and large baseboards. Five car garage! Close to the hiking trails of South Mountain. Only one owner.
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PRICE & RENT TRENDS
Neighborhood: Estates at Sierra Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estates at Sierra Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$460 | |
| Property Insurance | -$95 | |
| HOA | -$126 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$631
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$530,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$146,200
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,500 |
| Loan Amount | $397,500 |
0.33
YEARS SAVED
$292
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
-
$2,052
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
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3112 W Desert Lane Laveen, AZ 1
- 3 beds 3 baths ∙ 3,459 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,459 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
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3427 W St Anne Avenue Phoenix, AZ 2
- 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007
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LEASED 12/18/20- Rent
- Rent Per SQFT
- $1,725
- $0.54
-
6510 S 41st Lane Phoenix, AZ 3
- 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005
![property image]()
LEASED 09/26/20- Rent
- Rent Per SQFT
- $1,800
- $0.53
-
8931 S 40th Drive Laveen, AZ 4
- 4 beds 3 baths ∙ 3,395 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,395 Sqft ∙ Built 2007
![property image]()
LEASED 05/04/20- Rent
- Rent Per SQFT
- $2,400
- $0.71
PROPERTY LISTING DETAILS
Superlative Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206838
Last Updated: 03/13/2021
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.
