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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $247.87
- 2 Days on Market
- MLS # : 6203342
- Updated Date : 03/06/2021 at 23:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,529 sqft
- Baths : 2 full
Listing Agent
Century 21 Arizona Foothills
Listing Agent's Description
Beautiful, well maintained three bedroom home with two full baths and low maintenance yard. Appliancesonly 3 years or newer, attractive tile flooring, that looks like wood. Huge family room dining area. Planter shelves in bedrooms and living areas. Vaulted ceilings, and inside laundry room. Kitchen with pantry and lots of counter space, built in MW and stainless steel side by side refrigerator. Plenty of closets and storage through out. Exterior of the home was recently painted***Perfect family home!
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PRICE & RENT TRENDS
Neighborhood: North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Canyon Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,316 |
| Property Tax | -$226 | |
| Property Insurance | -$57 | |
| HOA | -$3 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$242
|
||
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.
$379,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.0% |
| 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
$106,185
LOAN DETAILS
$1,316
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
2.25
YEARS SAVED
$5,804
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
-
$1,483
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.94
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3930 W Hackamore Drive Phoenix, AZ 4
- 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1999
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,650
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24039 N 40th Drive Glendale, AZ 5
- 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1987
LEASED 03/02/21- Rent
- Rent Per SQFT
- $1,650
- $1.04
PROPERTY LISTING DETAILS
Century 21 Arizona Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203342
Last Updated: 03/06/2021
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.
