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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $222.90
- 4 Days on Market
- MLS # : 6184629
- Updated Date : 01/28/2021 at 20:50
CONSTRUCTION
- Beds : 3
- Floor Size : 2,131 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Welcome Home to Thompson Place in the sought after Sienna Heights neighborhood. This cul de sac home has one of the larger lots for the community and includes a RV gate. Curb appeal on this one is off the charts! Tasteful desert landscaping is the perfect foreground for the home. Head inside and be prepared to fall in love. The owners took so much pride in their home. The vinyl plank flooring was updated in 2019 and carries throughout the home. The light colored walls and vaulted ceilings give this first family space and open and airy feeling. The formal dining area has been converted in to a bar area complete with additional counter space that would be perfect for friends to gather around or additional space for a massive Thanksgiving spread.
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PRICE & RENT TRENDS
Neighborhood: Sienna Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sienna Heights
* 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 | -$1,650 |
| Property Tax | -$278 | |
| Property Insurance | -$69 | |
| HOA | -$16 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$122
|
||
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.
$475,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.3% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
4.25
YEARS SAVED
$19,296
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,019
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
314 W Thompson Place Chandler, AZ 3
- 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,990
- $0.93
-
310 W Flamingo Drive Chandler, AZ 1
- 3 beds 2 baths ∙ 2,203 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,203 Sqft ∙ Built 2002
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,850
- $0.84
-
333 W Weatherby Place Chandler, AZ 2
- 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1999
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,895
- $0.89
-
291 W Cardinal Way Chandler, AZ 4
- 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2001
LEASED 01/22/21- Rent
- Rent Per SQFT
- $2,150
- $1.01
-
643 W Derringer Way Chandler, AZ 5
- 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2020
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,295
- $1.05
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184629
Last Updated: 01/28/2021
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.
