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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $158.52
- 2 Days on Market
- MLS # : 6178896
- Updated Date : 01/09/2021 at 00:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,861 sqft
- Baths : 2 full
Listing Agent
Delex Realty
Listing Agent's Description
Welcome to Johnson Ranch! This 3 bedroom home PLUS DEN is located on the 18th hole. Home has GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, upgraded FIXTURES and bathrooms with NEW fixtures, FRAMED MIRRORS and GRANITE. This one is completely TURN KEY! Freshly PAINTED inside and ready for YOU! Community features include POOLS, SPA, TENNIS COURTS, GOLF COURSE and a lot of restaurants in the area. Great opportunity.
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PRICE & RENT TRENDS
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Johnson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$156 | |
| Property Insurance | -$63 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$269
|
||
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.
$295,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.7% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
10.42
YEARS SAVED
$45,168
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,503
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2005
LEASED 12/26/20- Rent
- Rent Per SQFT
- $1,600
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LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,625
- $0.85
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178896
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
