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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $178.93
- 4 Days on Market
- MLS # : 6165045
- Updated Date : 11/28/2020 at 21:07
CONSTRUCTION
- Beds : 2
- Floor Size : 2,012 sqft
- Baths : 2 full
Listing Agent
Keller Williams Elite
Listing Agent's Description
Former Model in Verrado! Lovely home located on tree lined street in the highly sought after community of Verrado. Travertine floors and plush carpeting in all the right places. Plantation Shutters and neutral color palette throughout. Home office/den has French doors to patio. Spacious open floor plan is the perfect entertaining space. The stunning eat-in kitchen has custom cabinets, gorgeous marble counters, glass mosaic backsplash, large island with breakfast bar seating and black appliances. The master bedroom has a private entrance, beautiful full bath with jetted tub and a custom walk-in closet. Surround sound, tankless hot water heater, water softener, reverse osmosis, garage has A/C, built in cabinets, workbench, epoxy floors and so much more!
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PRICE & RENT TRENDS
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$334 | |
| Property Insurance | -$66 | |
| HOA | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$42
|
||
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.
$360,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| 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
$101,150
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
4.42
YEARS SAVED
$18,096
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
-
$2,067
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $2,100
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PROPERTY LISTING DETAILS
Keller Williams Elite
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165045
Last Updated: 11/28/2020
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.
