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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $209.23
- 3 Days on Market
- MLS # : 6178323
- Updated Date : 01/08/2021 at 23:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,625 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Absolutely fabulous 2-story 3 bedroom 2.5 bath home in the perfectly located community of Bordeaux!!! You will fall in love with this home featuring tile floors all t/o the downstairs...formal dining room off kitchen, large family room with wood burning fireplace and SS appliances w/ LOTS of counter space and storage. Upstairs are 3 spacious bedrooms with updated bathrooms. Master bath has beautifully tiled therapy style shower and two separate super stylish vanities!!! Hall bath has tiled shower and same stylish vanity. Plush carpet all throughout the upstairs too!!! Backyard sits on larger sized lot that backs to greenbelt area and has a covered patio and lots of space to have an herb garden...beautiful flower beds....whatever your heart desires.
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PRICE & RENT TRENDS
Neighborhood: Bordeaux
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bordeaux
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$211 | |
| Property Insurance | -$59 | |
| HOA | -$77 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$93
|
||
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.
$340,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.7% |
| 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
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
6.5
YEARS SAVED
$26,417
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
-
$1,723
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/11/20- Rent
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- $1,850
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.12
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178323
Last Updated: 01/08/2021
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.
